Stocks That Can Boom Ahead Of Ram Mandir's Inauguration

Much more than religious event

As Ayodhya prepares to host lakhs of devotees, the city is seeing a surge in tourism, impacting industries like hospitality & travel. Here are some stocks likely to boom ahead of the Ram Mandirs inauguration.

Apollo Sindoori Hotels

The stock of Chennai-based Apollo Sindoori Hotels has seen a remarkable surge, surpassing 65% growth in January 2024. The company is constructing a multi-level parking facility in Ayodhyas Tedhi Bazar, accommodating over 1,000 devotees with rooftop restaurants.

Indian Hotels Company Ltd (IHCL)

A part of the Tata Group, IHCL is positioned to benefit from the upcoming travel boom. Despite a modest 4% increase in stock value this month, long-term projections are optimistic. IHCL has signed agreements for two hotels under the Vivanta and Ginger brands, strategically located near the Ayodhya International Airport.

IRCTC

The Indian Railway Catering and Tourism Corporation (IRCTC) plays a pivotal role in providing ticketing, catering, and tourism services for the Indian Railways. With millions expected to visit Ayodhya, IRCTCs stock is up over 4% this month, with further growth anticipated as tourism flourishes.

IndiGo

The airline IndiGo has already welcomed passengers on the first flight from Delhi to Ayodhyas Maharishi Valmiki International Airport. With a 4% increase in stock value since last month, IndiGo is poised for more growth as the influx of tourists to Ayodhya continues.

Praveg

Praveg, an event and exhibition management company, has seen a 57% surge in January. Known for its luxury tents, Praveg opened a resort in Ayodhya last November and recently secured a contract to establish tents in Lakshadweep.

Genesys International

Specialising in mapping technology solutions, Genesys Internationals stock has surged by 20% this month. The companys New India map platform was chosen as the official map for Ayodhya city by the Ayodhya Development Authority.

Overall Market Trends

The collective momentum in the tourism sector is reflected in the positive performances of these stocks. As Ayodhya gears up for the grand event, the collaborative growth of these companies indicates a thriving market.