Stock Price Rises With the Completion of Ram Mandir: Ayodhya Becomes the New Deal for Investors

Ayodhya's Ram Mandir inauguration sparks investor interest, propelling tourism-related stocks, with Apollo Sindoori, Praveg, Genesys, Indian Hotels, IRCTC, and IndiGo gaining momentum.

Written by: Supriya Kadu

Edited by: Krutarth Ghosalkar

Last Updated: January 12, 2024

Summary: Ram Mandir nears its completion and people can’t keep calm about it. Also the stock prices are in focus with Ram Mandir’s inauguration. Tourism sector to accelerate as well.

Ayodhya’s Ram Mandir has been in focus since its making, and now we are finally near the completion. Ram Mandir is situated at Ram Janmabhoomi, birth place of Rama and a prime deity for Hinduism.

Ram mandir is still under construction, but we all know the inauguration date, January 22, 2024. Ram mandir is built with one central temple, and 6 temples around it, that looks like one temple complex. Chandrakant Sompura is the architect and he has built it in nagara style and the construction is done by none other than LNT (Larsen and Toubro).

The airport has been decked up with the glory of Ram Mandir, and is renamed From Ayodhya Junction to Ayodhya Dham Junction.

As ram mandir nears its completion, the stock industry has become the main focus for investors. Stocks and Tourism, both will increase with the completion of ram mandir. Stocks since people will start investing in hotels, IRCTC and many more.

Let’s have a look at the stocks that will increase with the completion of ram mandir.

● IRCTC: IRCTC has created a monopoly for itself by giving the best online train ticket booking services. Its stock has surged by 23% since last december. Millions of people are going to travel to Ayodhya to witness the grand inauguration of Ram mandir.

● Praveg: It is a leading event management, Tourism, and Hospitality company. Thousands and lakhs of people will be visiting Ayodhya this january. Last November Praveg launched a new luxury hotel in Ayodhya, within the last three days its stock has risen by 47%, with the share price of ₹1152.00.

● Apollo Sindoori Hotels: This is a Chennai-based chain of hotels. It experienced a 32% hike in its stocks as the ram mandir completion nears. Apollo Sindoori Hotels are constructing a multi-level parking facility in Ayodhya for the tourists, including a rooftop restaurant accommodation for around 1000 devotees.

● Indian Hotels: Over the last month, Indian Hotels have also seen about 23% rise in their stocks. It will go up with time as properties will be built up by early 2027.

● Genesys International: Genesys International provides services like mapping, survey and geospatial services. It has created an advanced 2D navigation and 3D digital depiction of the whole Ayodhya city. Since then, there's been a 7% surge in the stock.

● IndiGo: IndiGo did a smart work by introducing daily flights from Delhi to Ayodhya. It also initiated a thrice a week flight that connects Ahmedabad and Maharishi Valmiki International Airport.

You can keep a look at these stocks for the coming months.

Read: Long Term Stocks to Buy: Best Investments to Buy and Hold 2024