Out-of-this-world returns: How did the market value India's successful moon mission?

Wajahat Azmi, Shujaat Naeem Azmi, Haitham Nobanee and Philip Anthony Hamil

Economics Letters, 2024, vol. 234, issue C

Abstract: This paper explores the response of India's stock market to a successful moon mission. The market responded positively, especially in the defense sector. Four companies experienced significant wealth gains, highlighting the potential for investment and growth in India's space industry.

Keywords: Moon mission; Equity markets; India; Defence sector; Event study (search for similar items in EconPapers)
JEL-codes: G15 G24 L53 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:234:y:2024:i:c:s0165176523005165

DOI: 10.1016/j.econlet.2023.111490

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