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Ayodhya's New Horizon: Explore Stocks Soaring with Ram Mandir's Inauguration Hype.
The much-awaited consecration ceremony of the Ram Mandir in Ayodhya was not only a grand event for the nation, and four companies with a strong recent link to the business and tourism in the city have benefitted greatly.
Over the last three months, the Top four companies - Allied Digital, Thomas Cook, InterGlobe Aviation, and Easy Trip Planners - have seen a spike in share prices by a minimum of 22%, which is more than prominent small and mid-cap firms.
Allied Digital Services
From October 2023 to January 2024, Allied Digital Services shares have seen a spike of over 41 percent on the stock market. The shares started to rally after the company announced that it had won the contract for the Ayodhya Smart City Project, just months ahead of the Ram Mandir ceremony.
Thomas Cook India
Thomas Cook India saw a major spike in share prices due after it announced budget travel packages to Ayodhya ahead of the consecration ceremony at the newly constructed Ram Mandir. The travel company's share prices spiked 35 percent since October, touching its lifetime high in January.
Easy Trip Planners
Easy Trip Planners is another travel company that was early in the race to announce travel packages for Ayodhya ahead of the inauguration of the Ram Mandir. Since October 2023, the share prices of Easy Trip have rallied over 20 percent.
InterGlobe Aviation
InterGlobe Aviation saw its stock rally after it raised its holdings in IndiGo Airlines to 1.90 percent in December 2023. IndiGo announced its commercial flight operations to Ayodhya from Delhi and Ahmedabad amid the travel frenzy to the city. Since then, InterGlobe stocks have seen a spike of over 27 percent.
Here's the list of 10 stocks that are in focus due to the Ayodhya Ram Mandir:
1) Pakka Ltd
Shares of Pakka Ltd have rallied 148% so far in January. In the last one week alone, the smallcap stock has more than doubled after it was known that the Ayodhya-based company will supply compostable plates, bowls, and spoons for the Pran Pratishtha ceremony on January 22.
2) Kamat Hotels
Kamat Hotels shares have rallied 71% this month. The small-cap company, whose market share is less than Rs 900 crore, plans to start a new hotel of 50 rooms in Ayodhya this month and has also announced the opening of two more hotels in the temple town in the future.
3) SIS Ltd
Shares of private security group SIS Ltd rallied up to 18% today after it was announced that the company has signed an agreement with the Ram Mandir Trust to deploy its personnel at the temple complex in Ayodhya.
4) Praveg
Shares of Praveg, which has opened a luxury tent resort in Ayodhya, have rallied 35% in January so far. Praveg’s ultra-luxury tent city has a capacity of 30 tents with one restaurant.
5) Apollo Sindoori Hotels
Shares of Chennai-based Apollo Sindoori Hotels have rallied around 54% this month. The hospitality service management and support services company is building a multi-level parking facility in Ayodhya to accommodate visitor vehicles in Tedhi Bazar.
6) Thomas Cook
Investors have also been playing the Ayodhya theme with tour operator Thomas Cook, the shares of which have rallied around 18%. The company has already launched religious tour packages revolving around Ayodhya, Varanasi and Prayagraj.
7) IRCTC
Another way to play the tourism theme is IRCTC which has a monopoly in online booking of train tickets. The stock is up 17% so far in the month.
8) Genesys
Shares of mapping technology solutions provider Genesys International have rallied about 16% as its product has been chosen as the official map for Ayodhya city.
9) Allied Digital
Mumbai-based Allied Digital Services (ADSL) has been selected as the Master System Integrator (MSI) for the Integration of CCTV Surveillance with the Existing ITMS Control Room for the Ayodhya Smart City Project. The stock is up 41% in the month.
10) EaseMyTrip
Other stocks
Ayodhya Ram Mandir project is seen as a boost to many tourism and travel-related companies like IndiGo, SpiceJet, Indian Hotels, etc.
"The entire tourism theme has played out very well in the last one-and-a-half years. There is no slowdown or any kind of moderation in the expectations when it comes to hotels or airlines. Ayodhya is adding to the fervour and we think that overall theme will continue to be good," said market expert Hemang Jani.
Investors must, however, note that Ayodhya is one of the triggers in the above-mentioned stocks and multiple other factors could be at play. When it comes to microcaps, playing the momentum can be risky as exit may be tough due to liquidity issues.
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