Successful Landing by Chandrayan 3 – Sparks Stock Market. Start Investing with Reijiro networks
Chandrayaan-3 has etched a historic milestone by executing a flawless landing on the Moon’s South Pole. The remarkable achievement not only bolsters the nation’s reputation in space exploration but also sets the stage for transformative scientific discoveries.
In response to the unsuccessful landing attempt of Chandrayaan-2 on September 7th, 2019, the Indian Space Research Organisation (ISRO) initiated the Chandrayaan-3 mission. This mission holds a significant objective: to demonstrate ISRO’s capability to achieve a soft landing on the Moon’s south pole, thereby joining the exclusive group of nations that have accomplished this feat—currently comprised of the Soviet Union, China, and the United States.
Chandrayaan-3, a formidable lunar venture, successfully concluded a critical phase by gently touching down on the Moon’s surface around 6:04 PM on August 23rd, 2019. The lander employed for Chandrayaan-3 stands at approximately 2 meters in height and weighs slightly over 1,700 kg (3,747.86 lb), akin to the size of an SUV. It serves as a platform to deploy a smaller 26-kg lunar rover.
From its launch, Chandrayaan-3 underwent a progression from Earth orbits of varying distances before settling into lunar orbit.
The strategic choice of landing on the Moon’s south pole holds significant importance for ISRO. India’s successful landing would mark a historic achievement, establishing it as the pioneer in soft landings at the Moon’s south pole. This region has garnered intense scientific interest due to its presumed abundance of water ice in the shadowed craters—more concentrated than any other lunar location. Such resources are pivotal for the prospective establishment of enduring human settlements.
Distinguished by its craters, depressions, and distance from the equatorial region that had been the focus of earlier missions, including the iconic Apollo landings, the Moon’s south pole presents an uncharted terrain for exploration and discovery.
Impact on Indian Stock Market
Ahead of Chandrayaan-3’s soft landing on the moon, Dalal Street, the Indian stock market, exhibited remarkable enthusiasm, propelling shares of aerospace companies to new heights. The mission’s substantial influence is projected to extend not only to the companies directly involved but also to the broader Indian stock market.
India’s space industry has garnered recognition for its ability to efficiently launch Mars probes on the first attempt and deploy numerous foreign satellites into orbit at a reasonable cost. Presently constituting around 2% to 3% of the global space economy, India’s share is projected to surge beyond 10% by 2030. By 2025, the sector is anticipated to amass a value of USD 13 billion, with India aspiring to secure a higher market share, approaching 10% of the global economy, by 2030.
Recent advancements in satellite communication and applications such as geospatial data services have fueled a growing demand for space-based offerings. This demand underscores the necessity for increased participation from various players in the upstream and downstream segments of the space industry, aiming to provide a range of commercial services.
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In a historic feat that captured global attention, India’s Chandrayaan-3 mission recently achieved a soft landing on the lunar surface. This extraordinary achievement not only marked India’s prowess in space exploration but also sent ripples through the stock market, presenting a unique opportunity for investors. As the excitement continues to reverberate, Reijiro Networks invites you to join the action through our Angel One Demat Account Service. Discover how this groundbreaking event is shaping the investment landscape and why starting your investment journey with us is a strategic move.
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Stock prices of prominent entities such as
Larsen and Toubro (L&T),
Bharat Heavy Electricals,
Paras Defence and Space Technologies,
have experienced significant fluctuations, given their substantial contributions to the Chandrayaan 3 mission.