From IRCTC To IndiGo: Stocks That Can Boom Ahead Of Ram Mandir's Inauguration In Ayodhya

As we get closer to the grand ceremony of Ram Mandir¡¯s inauguration in Ayodhya on January 22, lakhs of devotees and thousands of guests are getting ready to attend it. And naturally, all this is boosting Ayodhya¡¯s tourism to a great extent, from hotels, travel, property prices, and whatnot.

Meanwhile, the tourism boost is not just expected to be restricted only until the Ram Mandir¡¯s inauguration on January 22 but is expected to continue as it turns out to be a must-go place for those planning a visit to Ayodhya. Amidst this, many stocks have already started booming, while some others are expected to boom not just ahead but also after the temple¡¯s inauguration.

Stocks That Can Boom Ahead Of Ram Mandir Inauguration

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Also Read: Property Prices Soaring In Ayodhya Ahead Of Ram Mandir Inauguration

1. Apollo Sindoori Hotels

Shares of Chennai-based Apollo Sindoori Hotels zoomed more than 65% in January 2024. The hospitality service management and support services company is building a multi-level parking facility in Ayodhya to accommodate visitor vehicles in Tedhi Bazar.

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As per an ET report, the structure spans over 3,000 square meters, with a rooftop area exclusively for restaurants, which is capable of accommodating more than 1,000 devotees at once.

2. IHCL

Seen as a beneficiary of the travel boom in coming months and years, Tata Group's Indian Hotels Company Ltd (IHCL) stock is up more than 4% this month, but it is expected to boom in the long term as its properties are slated to come up only in early 2027 in Ayodhya.

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IHCL has signed two greenfield hotels in Ayodhya under the Vivanta and Ginger brands, the report mentioned.

¡°With the opening of the airport and the temple, the demand is likely to surge in the financial year 2025. The complex with the two hotels, sprawled over five acres, is strategically located at a comfortable driving distance from the upcoming Ayodhya International Airport and will cater to both business and leisure travellers,¡± Suma Venkatesh, Executive VP of real estate and development at IHCL, had said.

Also Read: Tata Group To Set Up Two Taj Branded Hotels In Lakshadweep By 2026

3. IRCTC

IRCTC, which provides ticketing, catering, and tourism services for the Indian Railways, is also in focus as millions of people, whether guests or devotees are expected to travel to Ayodhya ahead of the Ram Mandir inauguration as well as in the next few months.

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The PSU stock is up more than 4% this month and is expected to go higher as tourism booms.

Also Read: Property Prices Soaring In Ayodhya Ahead Of Ram Mandir Inauguration

4. IndiGo

Last month on December 30, IndiGo welcomed passengers onboard the first flight from Delhi to Ayodhya's Maharishi Valmiki International Airport.

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The airline's stock is up more than 4% since last month and is expected to boom further with more tourists arriving in Ayodhya to visit the holy place.

5. Praveg

The biggest gainer among the tourism stocks this month ahead of Ram Mandir's inauguration, is Praveg, an event & exhibition management company, Shares of Praveg, which runs luxury tents in tourist places in India, have soared 57% already in January.

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Last year in November, the company opened a luxurious resort along the Brahma Kund at Ayodhya. Praveg¡¯s ultra-luxury tent city has a capacity of 30 tents with one restaurant, as per the report. The company is also in focus as it recently won a contract to open tents in Lakshadweep as well.

6. Genesys International

Another big gainer is mapping technology solutions provider Genesys International. Genesys shares have surged 20% this month after its product was chosen as the official map for Ayodhya city this week.

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The digital mapping company's New India map platform was selected to chart the official map of Ayodhya city by the Ayodhya Development Authority.

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