The successful soft landing of Chandrayaan-3 on the moon has not only captured the imagination of the nation but has also ignited a remarkable uptrend in the Indian stock market. Thirteen Indian stocks operating in the space and defence segments have experienced significant gains over the past week, collectively adding more than ₹20,000 crore to their market capitalization, according to a report by Bloomberg.A Market Resonating with Lunar SuccessThe list of beneficiaries from Chandrayaan-3's lunar triumph reads like a tribute to India's burgeoning space and defence sector. Among the thirteen stocks that have witnessed a surge are Linde India, Centrum Electronics, Hindustan Aeronautics Ltd (HAL), Bharat Heavy Electricals Ltd (BHEL), Bharat Electronics Ltd (BEL), Larsen & Turbo (LT), Avantel, Paras Defence and Space Technologies, MTAR Technologies, and Walchandnagar Industries.The Impressive GainsOver the past week, Linde India's share price has surged by over 17%, reaching new heights. Centum Electronics has experienced a meteoric rise, achieving an all-time peak of ₹1,948.65 per share on the NSE, reflecting a remarkable 26% increase within a mere week. Avantel has been consistently setting new peaks as Chandrayaan-3 embarked on its journey, amassing around a 22% return in the past five sessions.Defying Gravity: Record Highs and ReturnsParas Defence, too, has contributed to this success narrative, witnessing a 15% rise in its share price and achieving a new all-time high of ₹842 apiece on the NSE. Hindustan Aeronautics Limited (HAL), the manufacturer of the Lander Module 'Vikram' for Chandrayaan-3, saw its shares rally by 3.5%, establishing a new 52-week high of ₹4,135 on the NSE. Even amidst heavy profit booking in the latter half of the Thursday session, Larsen & Turbo managed to surge over 1% in the span of a week.A Market Elevated by Lunar AchievementThe successful soft landing of Chandrayaan-3 on the moon has not only marked a historic accomplishment for India's space endeavors but has also lifted the spirits of the Indian stock market. As these thirteen space and defence stocks soar, their impressive gains stand as a testament to India's prowess in space technology and the potential for growth in the sector.Disclaimer: The information provided here is for educational purposes only and should not be considered financial advice. Always conduct thorough research and consider consulting a financial professional before engaging in algorithmic trading.

On Monday, Defence Minister Rajnath Singh announced that he will be attending the India-Africa Army Chiefs' Conclave in Pune, which is scheduled for Tuesday. The inaugural edition of the conclave will be held on March 28-29, as part of 'AFINDEX 23', according to the Army. Singh tweeted, "Tomorrow, 28th March, I shall be in Pune, Maharashtra. Shall address the India-Africa Army Chiefs' Conclave in Pune. Also, looking forward to interact with the students of Symbiosis Institute of Management Studies, during the Pune visit."https://twitter.com/rajnathsingh/status/1640348473949323264The Indian Army also shared a poster of the conclave on Twitter, which stated that defence chiefs and representatives of 31 African nations will attend the event to strengthen defence and regional cooperation.https://twitter.com/adgpi/status/1640300542273671170In a separate statement on Monday, the Ministry of Defence announced that Navratna Defence PSU Bharat Electronics Ltd (BEL) presented its second interim dividend cheque for Rs. 224,27,53,160.40 to Raksha Mantri Rajnath Singh in New Delhi on March 27, 2023. BEL has declared 60% as Second Interim Dividend (Rs. 0.60 per share) to its shareholders for the financial year 2022 – 23. It has paid interim dividends for the last 20 years consecutively. In February 2023, BEL had paid its shareholders 60% as the First Interim Dividend (Rs. 0.60 per share) for the financial year 2022–23, and it had paid a total dividend of 450% on its paid-up capital for the financial year 2021–22.