Ayodhya Ram Mandir Grand Opening | Top Stocks to Buy

Ayodhya Ram Mandir Grand Opening  Top stock to buy

The much-awaited day is getting close as the gates of Ayodhya's Ram Mandir are set to open on January 22, 2024. This historic event is expected to make a significant impact on the city's economy. The inauguration is anticipated to draw a huge number of devotees, resulting in increased demand for accommodation and other services in the city.

 

As a result, almost all hotels in Ayodhya are fully booked for the inauguration day, with prices reaching as high as ₹73,000 per night for some rooms. The Ayodhya Tent City, which features luxurious air-conditioned tents, is also fully booked at ₹30,000 per night, projecting 100% occupancy for weeks after the inauguration.

This increased demand has attracted major hotel chains, with Radisson being the first international brand to establish its presence in Ayodhya, offering rooms at ₹30,000 per night. Indian Hotels, operating the Taj Hotels chain, is also in the process of constructing two hotels with 100 and 120 rooms, respectively.

Even Ayodhya residents have a unique opportunity to benefit, as officials have approved 500 homes with 2,500 rooms for homestays. With the city turning into a tourist magnet, property rates are soaring.

History of Ram Mandir

The history of Ram Mandir revolves around the holy status of Lord Ram among Hindus. It is believed that the original temple at his birthplace was replaced by a mosque during Babur's rule. After the collapse of Mughal rule, Hindus sought to build a grand Ram temple on the mosque site. The locks were finally opened for prayers during the tenure of Prime Minister Rajeev Gandhi.

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Architect of Ram Mandir

Chandrakant Sompura, a renowned architect, is the chief architect of Ram Mandir. Assisted by his equally celebrated sons, Nikhil and Ashish, the Sompura family, with a history spanning generations, has been involved in over 100 temple projects worldwide. The divine temple's architecture will follow the Nagar style, with a notable absence of iron to prevent rusting.

 

Investment Opportunities with Ram Mandir Opening

The opening of the Ram Mandir is creating opportunities across various sectors such as:

• Hospitality: Hotels like IHCL and Praveg are expected to see more business thanks to the growing number of tourists. New hotels and resorts are also popping up to meet the demand for better accommodations.

• Airlines: Leading airlines like Indigo and Spicejet are getting ready for more flights, especially with the Ayodhya airport becoming busier.

• Railways: The Indian Railways and IRCTC are adding more trains to accommodate the growing number of pilgrims.

• Tourism: Tour operators like Thomas Cook India and local companies like Apollo Sindoori are excited about the pilgrimage packages they've put together to handle the expected increase in tourists.

 

 

Stocks to Consider on Ram Mandir Opening:

Keeping these sectors in mind, here are a few stocks that could potentially benefit from the Ram Mandir:

 

1. IHCL (Indian Hotels Company Limited):

IHCL is building Vivanta and Ginger-branded hotels in Ayodhya, which will be the city's first branded hospitality experience. With a strong presence in the luxury segment and a loyal customer base, IHCL is well-positioned for success.

 

2. IRCTC (Indian Railway Catering and Tourism Corporation):

With increased demand for rail travel and pilgrimage packages to Ayodhya, IRCTC stands to benefit. Holding a monopoly in online ticketing and catering services for the railways, it is in a prime position to capitalize on the surge.

 

3. INDIGO:

As the largest airline in India, INDIGO is likely to experience a surge in air traffic, with devotees flocking to Ayodhya. With a low-cost model and a high market share, INDIGO is well-equipped to handle the increased demand.

 

4. PRAVEG:

Known for eco-responsible luxury hospitality, Praveg has a strategically located resort in Ayodhya near the Ram Mandir. With 75% pre-sold occupancy, Praveg promises high returns, leveraging its niche in sustainable tourism.

 

 

 

5. THOMAS COOK India:

A leading integrated travel services company, THOMAS COOK can use its expertise in religious tourism to offer customized packages to Ayodhya. With a wide network and diversified portfolio, it is poised for growth.
 

6. EASEMYTRIP:

As an online travel company, EaseMyTrip can tap into the potential of Ayodhya as a religious destination, providing attractive deals and discounts to customers. With a low-cost structure and a loyal user base, EaseMyTrip is well-positioned for gains.

 
Disclaimer:

While the opportunities look promising, remember that investing is an art, not just a quick way to make money. It's important to do your research, talk to financial experts, and invest wisely. The opening of the Ram Mandir might bring blessings, but successful investing requires careful planning.