Hot Stock: This aerospace & defence company played a pivotal role in Chandrayaan - 3
The stock has increased by 45 per cent in the last 6 months, 90 per cent in the last year, and has delivered multibagger returns of over 130 per cent in the last 5 years.
Mishra Dhatu Nigam Limited (MIDHANI), a Defence PSU, has played a vital role in the successful launch of the Chandrayaan-3 Mission. MIDHANI developed and supplied critical materials for the LVM3 M4, a three-stage heavy lift launch vehicle used in the lunar mission.
MIDHANI supplied several tonnes of materials for the LVM3 M4, including Cobalt base alloys, Nickel base alloys, Titanium alloys, and Special steels. These materials were used in the liquid engine, nozzles for liquid stages, gas bottles, thrusters, cryogenic upper stage components, rocket motor casing, and propellant tanks. MIDHANI also developed investment castings of nickel alloys and stainless steel for the Exhaust Unit.
MIDHANI's contributions also include supplying Special steels and Titanium alloys for key components of the mission. These materials have been utilized in critical parts such as the propulsion module of the lander separator band, as well as various structural components of the Lander and Rover. MIDHANI's provision of these high-performance steels and alloys ensures the durability, strength, and reliability of these vital elements, contributing to the overall success of the mission
MIDHANI and ISRO have had a fruitful partnership for over 40 years. MIDHANI's materials have been integral to ISRO's space missions since its inception. MIDHANI will continue to support ISRO's ambitious Gaganyaan Mission and other pioneering programs.
Mishra Dhatu Nigam Ltd (MIDHANI) manufactures superalloys, titanium, special-purpose steel and other special metals. It was incorporated in 1973 at Hyderabad as a Government of India Enterprise under the Ministry of Defence. The Government of India still owns a 74 per cent stake in the company after its IPO in 2018.
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On Monday, shares of Mishra Dhatu Nigam Ltd surged 0.38 per cent to Rs 314.70 per share with an intraday high of Rs 321.15 and an intraday low of Rs 313.40.
The stock has increased by 45 per cent in the last 6 months, 90 per cent in the last year, and has delivered multibagger returns of over 130 per cent in the last 5 years. Investors should keep an eye on this mid-cap PSU stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.