Ayodhya Ram Mandir Blessed 13 Stocks to Buy in 2024

Ayodhya's Market Magic: 13 Stocks to Watch in 2024

Get ready for a historic day in Ayodhya on January 22, 2024. The Ram Mandir is set to open its doors, marking a monumental occasion that goes beyond just a temple inauguration. This event is not only reshaping various sectors in Ayodhya but also causing significant ripples in the stock market.

 

With the grand inauguration approaching, investors are closely watching stocks that are benefiting from this historic wave, with some like Pakka Ltd experiencing remarkable rallies of up to 76% in January alone. The transformation of Ayodhya into a smart city, along with the expected surge in visitors, is creating substantial opportunities across different sectors. It's an exciting time for investors to explore the potential in this unique market scenario.

Accommodation in Ayodhya is booming

With the recent inauguration of the Ram Mandir, there's been a surge in demand for places to stay in Ayodhya. Hotels are fully booked, and prices have skyrocketed. Even luxurious tent cities are charging upwards of Rs. 30,000 per night.

 

Locals are cashing in

Ayodhya residents are benefiting from the tourism boom by renting out their homes as homestays. The city's attraction as a tourist destination is causing property rates to soar.

Historical significance

The history of Ram Mandir is steeped in reverence for Lord Ram among Hindus. The original temple was replaced by a mosque during Babur's rule. After years of struggle, the locks were finally opened for prayers during Prime Minister Rajeev Gandhi's tenure.

Rally in tourism sector stocks

Tour operators and travel agencies such as Thomas Cook (India) Ltd., EaseMyTrip, and RateGain Travel Technologies Ltd. have experienced a surge in queries and bookings since the inauguration announcement. EaseMyTrip's shares have given great results in the past few days and 15.00% in the past month.

 

Architectural marvel

Renowned architect Chandrakant Sompura and his sons Nikhil and Ashish designed the divine temple. The Nagara style will be followed, with an interesting absence of iron to prevent rusting.

 

 

 

Top 13 Stock to get benefited from Ram Mandir inauguration

 

1. IHCL (Indian Hotels Company Limited)

The Indian Hotels Company Ltd is primarily involved in owning, operating, and managing hotels, palaces, and resorts. Constructing Vivanta and Ginger-branded hotels in Ayodhya, IHCL is well-poised to capitalise on the increasing demand for premium accommodations in the holy city.

 

2. IRCTC (Indian Railway Catering and Tourism Corporation)

Established in 1999, IRCTC (Indian Railway Catering and Tourism Corporation) is a Mini Ratna and holds the exclusive authorization from the Indian government to offer online railway tickets, catering services, and packaged drinking water on railway stations and trains in India.

IRCTC is positioned to benefit from the upsurge in rail travel and the demand for pilgrimage packages.

3. INDIGO

As India's largest airline, INDIGO is poised for a substantial increase in air traffic with the influx of devotees heading to Ayodhya. IndiGo, India's largest low-cost carrier, operates 262 aircraft, serving 86 destinations, including 24 international ones.

Known for its commitment to low fares, on-time flights, and excellent service, IndiGo started with a single aircraft in August 2006.

 

4. PRAVEG:

Renowned for its eco-responsible luxury hospitality, Praveg has a strategically located resort in Ayodhya, with 75% of the occupancy already pre-sold. Established in 2016 through the merger of Praveg Communications Limited and Sword and Shield Pharma Limited, Praveg Communications (India) Limited specialises in Exhibition and Event Management. 

The company extends its services to the Hospitality sector, Publications, and Real Estate marketing, with branches both nationally and internationally.

 

 

5. THOMAS COOK India:

Thomas Cook, established in 1881, provides a diverse range of services, including Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Visa & Passport services, and E-Business. Operating in over 25 countries across 5 continents with 19 brands, such as SITA, TCI, and Distant Frontiers, Thomas Cook has a team of over 8388 people.

Leveraging its expertise in religious tourism, Thomas Cook is well-equipped to offer customised pilgrimage packages to Ayodhya.

 

6. EaseMyTrip

Operating under the flagship brand "Ease My Trip," the company offers a wide range of travel-related products and services. These include airline tickets, hotels, holiday packages, rail tickets, bus tickets, taxis, as well as additional services like travel insurance, visa processing, and tickets for various activities and attractions.

With 'End to End' travel solutions, EaseMyTrip is poised to benefit from the surge in bookings for air tickets, hotels, cabs, buses, and railway tickets as Ayodhya becomes a focal point for travellers.

 

7. ITC Ltd

Founded in 1910, ITC stands as the largest cigarette manufacturer and seller in the country. Currently, ITC operates in five business segments, including FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business. 

Positioned close to Ayodhya Temple in the seven-star category, ITC is recommended for potential gains as the town experiences a tourism boom. 

 

8. Pakka Ltd

Established in 1981, Yash Pakka Limited is involved in the manufacturing and trading of specialty packaging products, specialty papers, and moulded (tableware) products. 

The Ayodhya-based company will supply compostable plates, bowls, and spoons for the Pran Pratishtha ceremony on January 22. 

 

9. Kamat Hotels

Kamat Hotels, the flagship company of Kamat Group, was established with the primary goal of establishing and operating hotels across India. Their globally renowned brand, 'The Orchid,' an Ecotel Hotel, stands as Asia's inaugural chain of 5-star, environmentally conscious hotels, positioned in the mid to up-market category.

Plans to start a new hotel of 50 rooms in Ayodhya this month and has announced the opening of two more hotels in the temple town in the future. 

 

10. SIS Ltd

Security & Intelligence Services (India) provides comprehensive security solutions, including manned guarding, training, paramedic services, loss prevention, facility management, cash logistics, and alarm monitoring. They are engaged in securing and managing various aspects of safety and protection.

Signed an agreement with the Ram Mandir Trust to deploy its personnel at the temple complex in Ayodhya. 

 

11. Allied Digital

Allied Digital Services Limited is an IT services company specialising in designing, developing, and deploying digital solutions. Additionally, it delivers end-to-end IT infrastructure services, enterprise applications, and integrated solutions. The company's registered office is in Mumbai, and it has a global presence.

 

 

12. Genesys

Genesys International Corporation Ltd offers Geographical Information Services, encompassing photogrammetry, remote sensing, cartography, data conversion, terrestrial and 3D geo-content, along with location navigation mapping and other computer-based services.

 

13. Apollo Sindoori Hotels

Apollo Sindoori Hotels Ltd operates in the management of food outlets at hospitals and renowned organisations. The company also provides outdoor catering services and skilled manpower to hospitals, among other services. Remarkably, it prepares over 45,000 meals every day.

 

 

Conclusion

Ayodhya's historic inauguration unlocks a treasure trove of investment opportunities. Hotels boom, tourism thrives, and smart city plans soar, making this a potential goldmine for investors. The town's ancient allure coupled with modern ambitions paints a vibrant picture, beckoning pilgrims and investors alike to witness – and benefit from – Ayodhya's dynamic transformation.

So, get ready for the journey to Ayodhya's new chapter that promises to be both enlightening and rewarding.

 

Disclaimer:

Please note that this blog is not any recommendation for buying or selling any stock. We always encourage the reader to do their research before investing in any stock.