After many years of waiting, a major event will take place in India on Monday, January 22. Visiting the Ayodhya Ram Mandir has become a New Year’s goal for millions of Hindus worldwide. It is a time of pride, joy, and spiritual upliftment for Indian citizens. This occasion is celebrated not only as a religious celebration but also as the beginning of the political season running up to the general elections, which are only a few months away.
Also read: History About Ram Mandir
Why do stocks with Ayodhya Ram Mandir need to be focused and taken?
Ayodhya has emerged as a new investment theme. There’s also a financial aspect to it. People are arriving from all around the country. In between all of this, certain industries’ businesses are growing at a rapid speed. It has been discovered that the Ayodhya Ram Mandir inauguration ceremony influenced the stock market. Many publicly traded companies have experienced extraordinary growth in the last month.
The company’s new resort in Ayodhya is due to open in January, with the majority of its rooms already reserved. Ayodhya will most likely see a record number of tourists. According to sources, government officials anticipate 300,000 daily visitors to the city. These folks would come to see the temple but may stay for a few days as tourists.
Why is the stock market a good investment?
Stocks provide investors with the greatest possible benefits, which include Capital gains from owning a stock that increases in value over time, income from dividends paid by the company, and reduced tax rates on long-term capital gains are all examples of long-term capital gains. Investors who are willing to own equities for a long time, say 15 years, are usually rewarded with major, positive returns. Let’s take a look at six stocks that are performing well ahead of the Ayodhya Ram Mandir Pran Pratishtha.
For more information, read: What are stocks?
Here are six stocks in focus because of the Ayodhya Ram Mandir inauguration:
The shares of Indian Railway Catering and Tourism Corporation (IRCTC) have also increased significantly since millions of people are likely to visit Ayodhya in the coming months. According to reports, the stock has increased by more than 20% in the last month. According to experts, IRCTC will benefit from a rise in the number of tourists visiting Ayodhya this year and in the future. IRCTC’s stock was trading at Rs 950 on January 12.
In the coming days, the stock is projected to maintain its strong trend of growth. Hindustan Aeronautics (HAL) shares have risen about 30% in nine trading days, remaining unbroken and setting new 52-week highs daily. The stock price is likely to rise by 10%, but with small snags because the current advance has pushed the stock into a highly overbought zone, according to experts.
Apollo Sindoori Hotel Ltd
The hospitality company with a rapidly rising share price is Apollo Sindoori Hotels Ltd. Looking at the stock’s performance over the last six months, the shares have increased by more than 90%. This company’s stock has increased by over 100% in the last year. The company is building complex parking at Ayodhya’s Tedhi Bazaar. The structure is about 3,000 square meters in size, with a rooftop section dedicated to restaurants that may hold more than 1,000 devotees at once.
Stocks for Travel Planning
The opening of the Ram Mandir in Ayodhya, the Vibrant Gujarat Global Summit 2024, and India’s latest vacation fantasy for the Lakshadweep Islands have dominated recent headlines. Surprisingly, one Dalal Street stock has benefited from all three significant events and has been taking the spotlight. Companies that provide travel assistance services, such as Easy Trip Planners, Cox & Kings, Thomas Cook, and Crown Tours, among others, stand to benefit. Most people will use the services of these travel agencies to plan their trips. This is a great one-time opportunity for these companies to profit. To make trips to Ayodhya a recurrent cash stream, however, these companies will need to make a determined effort to cultivate religious tourism as a successful industry.
Interglobe Aviation Ltd
The government recently started an airport in Ayodhya, Uttar Pradesh. Indigo, one of the country’s leading airlines, has begun flights from Delhi to Ayodhya on January 6. It also starts three weekly flights between Ahmedabad Airport and Maharishi Valmiki International Airport in the temple town.
This has impacted the share price of Interglobe Aviation Ltd., its parent firm. The stock has grown by more than 4% in the last month. The share price is Rs 3066.35 as of today.
Praveg shares, which manage luxury tents in tourist areas in India, have risen 47% in just three days. The stock has grown by more than 70% in the last month as a result of the Pran Pratishtha ceremony. This organization has constructed two tent cities in Ayodhya. According to sources, one tent city is located near Ram Janmabhoomi, while the other is located on the banks of the Saryu River and has starting costs of Rs 8,000 per night. Praveg Limited’s share price is Rs 1,135.90 as of today.
The Ayodhya Ram Mandir has been both a spiritual and financial success. It creates new opportunities for investors, promotes economic development, and changes the region’s financial landscape. For individuals trying to deal with the relationship between religious developments and financial markets, the economic impact of Ayodhya Ram Mandir goes across religious and cultural aspects.
© Ruchi Verma
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