The government’s initiative to clear a third launch pad for India’s space sector, with a cost of Rs. 3,985 crore, is set to boost the industry. This project will create significant opportunities across various sectors, benefiting key players.
Larsen & Toubro (L&T), leveraging its extensive ISRO collaboration experience from missions like Chandrayaan and Mangalyaan, stands to secure major contracts in spacecraft assembly and launch infrastructure; NCC Limited’s expertise in complex infrastructure projects makes it a prime candidate for expanding the Satish Dhawan Space Centre with new launch pads; JSW Steel’s capability to produce specialized steel grades positions it well to meet the growing demand for high-grade materials in launch facility construction.
While aerospace specialists Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL) are uniquely positioned to capitalize on increased government investment in space and defense technologies through their established capabilities in aerospace manufacturing, electronic systems, and communications equipment, all of which will be crucial as India emphasizes indigenous technology development and expands its space program capabilities.
List of stocks to benefit from this initiative:
1. Bharat Electronics Limited (BEL)
Established in 1954, manufactures advanced aerospace and defense electronics, including communication systems and radars. It holds Navratna status and primarily serves India’s defense sector, also expanding into civilian and global markets.
The stock is currently priced at Rs. 277.50, with a daily movement of 3.60%. Over the past year, it has gained 48.55%, and in the last five years, it has seen an impressive 666% return, indicating strong long-term growth.
2. Hindustan Aeronautics Limited (HAL)
Founded in 1940, designs and manufactures military aircraft and helicopters. Based in Bangalore, HAL plays a key role in India’s defense sector, producing aircraft like Tejas and Dhruv while collaborating internationally for technology transfer.
The stock is currently priced at Rs. 3,925.95, with a daily movement of 2.70%. Over the past year, it has gained 31.15%, and in the last five years, it has delivered an impressive return of 852.90%, showing strong growth over time.
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3. JSW Steel
Founded in 1982 and headquartered in Mumbai, is a leading steel manufacturer known for its innovative products in construction and automotive industries. The company focuses on sustainability and expanding its production capacity while reducing its carbon footprint.
The stock is currently priced at Rs. 909, with a daily movement up by 0.62%. Over the past year, it has gained 9.30%, and in the last five years, it has delivered a solid return of 232%, reflecting steady growth.
4. NCC Limited
Established in 1978, specializes in civil engineering and infrastructure projects like roads, bridges, and buildings. Based in Hyderabad, it is known for delivering quality projects on time and for sustainable practices in construction and real estate.
The stock is currently priced at Rs. 247.75, with a daily movement up by 2.04%. Over the past year, it has gained 24.31%, and in the last five years, it has delivered a strong return of 315%, indicating healthy growth.
5. Larsen & Toubro (L&T)
Founded in 1938, is a multinational conglomerate involved in engineering, construction, and technology services. Headquartered in Mumbai, L&T is renowned for undertaking large-scale infrastructure projects, focusing on innovation and sustainability across multiple sectors.
The stock is currently priced at Rs. 3,515, with a daily movement up by 0.39%. Over the past year, it has decreased by 1.64%, but in the last five years, it has gained 169%, showing long-term growth.
Written By Fazal Ul Vahab C H
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