Don’t Miss Out On The Stocks That Can Continue To Benefit From Ayodhya’s Ram Mandir Opening

A look at ten stocks that are observed to have a direct benefit from the Ram Mandir inauguration in Ayodhya.

Stocks to Benefit from Ayodhya Ram Mandir Inauguration

The Rs 1,800 crore spent on the Ram Mandir in Ayodhya is expected to boost several industries in the country. It is worth noting that investments in Ayodhya will continue as the government plans to turn it into a smart city.

We take a look at some of the stocks that can have a positive impact due to the public interest in Ayodhya and the much-awaited Mandir.

  • Jefferies predicts that Ram Mandir may attract 50 million tourists in the future

  • Aviation, railway, hotels, and ticketing are some of the sectors that benefit from a tourism surge

  • UP government could earn an additional Rs 20,000-25,000 crores in taxes by FY25, due to the surge in tourism

Stocks Blessed With Positivity

  1. Praveg Limited – With a resort in Ayodhya, Praveg can expect full occupancy to go with the 157% surge in its share price. 

  2. Indian Hotels – IHCL is setting up operations in Ayodhya with its brands, Vivanta, Ginger and SeleQtions. The share has grown by more than 62% in one year.

Also ReadIndia’s Top 5 Hotel Stocks In 2023 You Should Consider Adding To Your Portfolio 

  1. Apollo Sindoori Hotels – This hospitality services stock has seen an 85% surge in one year. Half of this rise has been since January 2024, in the days leading up to the temple opening.

  2. Interglobe Aviation – Indigo has started flights from Ayodhya to Delhi and Ahmedabad. Its share has been rising, up by 38% in one year.

  3. Spicejet – The carrier is starting Ayodhya flights from many cities and expects strong bookings from temple goers. Its shares are up by 78% in the last year.

  4. IRCTC – The rail ticketing and allied services monopoly has seen a strong rally in its shares. The shares have had an annual increase of over 55%.

  5. RVNL – RVNL shares have quadrupled in the last year. While it is not down to Ayodhya alone, as investors continued keen fundamental interest in the stock.

  6. Thomas Cook – The tour and travel major expects a large inflow to Ram Mandir. Its shares are up by 156% on a 365-day comparison.

  7. RateGain Travel – A SaaS company specialising in hotel software has doubled in the last year and can be seen as another beneficiary of the prospective religious tourism growth.

  8. L&T – Having nearly increased by 70% in one year, the makers of the Ram Mandir can benefit from the infrastructure growth in and around Ayodhya, now that it is poised to become a smart city.

Taking Stock 

As you take a bow at the temple, take stock of the stock market and study how the temple will and has affected it. Look for the sectors related to it to identify a few hidden gems of your own. Don’t forget to consider your financial planning and risk appetite while investing in these or any other stocks. 

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Also ReadBudget 2023: 50 Tourist Destinations To Be Developed, These Hospitality Stocks To Gain.

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