As Ram Mandir inauguration nears, Ayodhya becomes new investing theme – stocks in focus
Ram Mandir inauguration: In preparation for the inauguration of the Ram Mandir in Ayodhya on January 22, the city has seen a surge in investor interest as millions worldwide plan pilgrimages to the revered site. It’s anticipated that the city might witness a rise in daily footfall, potentially reaching up to 3 lakh individuals.
During the third quarter, the tourism sector typically flourishes.Coupled with the heightened spiritual tourism due to the Ayodhya temple’s opening and the push for domestic tourism, there’s been a surge in hotel stocks, ET quoted Atul Thakkar, Director – Investment Banking, Anand Rathi Advisors as saying.
Here are some of the stocks gaining traction due to the Ayodhya Ram Mandir inauguration as listed by ET:
Apollo Sindoori Hotels: Chennai-based Apollo Sindoori Hotels experienced a 32% surge in just 2 days, closing at Rs 1,998 on Tuesday on NSE. The company is constructing a multi-level parking facility in Ayodhya’s Tedhi Bazar, spanning over 3,000 square meters and featuring a rooftop restaurant capable of accommodating over 1,000 devotees simultaneously.
Praveg: Praveg, known for its luxury tents in Indian tourist spots, surged 47% in 3 days, reaching Rs 1,219.10 on BSE. Last November, the company launched a luxurious resort along the Brahma Kund at Ayodhya, equipped with 30 tents and a restaurant. Additionally, Praveg has secured a contract to set up tents in Lakshadweep.
Genesys International: The shares of Genesys International soared by 7% to Rs 487 on Tuesday, driven by its product being chosen as Ayodhya city’s official map. Their New India map platform integrates advanced 2D navigation and a 3D digital representation of the entire city.
Indian Hotels: Indian Hotels, with a market capitalization exceeding Rs 73,000 crore, has experienced a 23% uptick over the last month. Although the Ayodhya effect hasn’t significantly impacted the stock in the short term, its properties are set to come up by early 2027. IHCL has signed agreements for two greenfield hotels under the Vivanta and Ginger brands in Ayodhya.
Read From ET | Stocks in focus
IRCTC: IRCTC, the monopoly in online train ticket booking, has seen a 23% surge in its stock over the past month. Millions are projected to travel to Ayodhya in the upcoming months, hence the stock is in focus.
IndiGo: IndiGo initiated daily flights between Ayodhya and Delhi and introduced thrice-a-week flights connecting Ahmedabad and Maharishi Valmiki International Airport in the temple town.
During the third quarter, the tourism sector typically flourishes.Coupled with the heightened spiritual tourism due to the Ayodhya temple’s opening and the push for domestic tourism, there’s been a surge in hotel stocks, ET quoted Atul Thakkar, Director – Investment Banking, Anand Rathi Advisors as saying.
Here are some of the stocks gaining traction due to the Ayodhya Ram Mandir inauguration as listed by ET:
Apollo Sindoori Hotels: Chennai-based Apollo Sindoori Hotels experienced a 32% surge in just 2 days, closing at Rs 1,998 on Tuesday on NSE. The company is constructing a multi-level parking facility in Ayodhya’s Tedhi Bazar, spanning over 3,000 square meters and featuring a rooftop restaurant capable of accommodating over 1,000 devotees simultaneously.
Praveg: Praveg, known for its luxury tents in Indian tourist spots, surged 47% in 3 days, reaching Rs 1,219.10 on BSE. Last November, the company launched a luxurious resort along the Brahma Kund at Ayodhya, equipped with 30 tents and a restaurant. Additionally, Praveg has secured a contract to set up tents in Lakshadweep.
Genesys International: The shares of Genesys International soared by 7% to Rs 487 on Tuesday, driven by its product being chosen as Ayodhya city’s official map. Their New India map platform integrates advanced 2D navigation and a 3D digital representation of the entire city.
Indian Hotels: Indian Hotels, with a market capitalization exceeding Rs 73,000 crore, has experienced a 23% uptick over the last month. Although the Ayodhya effect hasn’t significantly impacted the stock in the short term, its properties are set to come up by early 2027. IHCL has signed agreements for two greenfield hotels under the Vivanta and Ginger brands in Ayodhya.
Read From ET | Stocks in focus
IRCTC: IRCTC, the monopoly in online train ticket booking, has seen a 23% surge in its stock over the past month. Millions are projected to travel to Ayodhya in the upcoming months, hence the stock is in focus.
IndiGo: IndiGo initiated daily flights between Ayodhya and Delhi and introduced thrice-a-week flights connecting Ahmedabad and Maharishi Valmiki International Airport in the temple town.
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