“The third quarter is seasonally good for the tourism sector. This coupled with heightened spiritual tourism on the back of euphoria over the opening of Ayodhya temple and the movement on promoting domestic tourism has led to an uptick in hotel stocks,” said Atul Thakkar, Director – Investment Banking, Anand Rathi Advisors.
Here are 6 stocks in focus because of the Ayodhya Ram Mandir inauguration:
1) Apollo Sindoori Hotels
Shares of Chennai-based Apollo Sindoori Hotels zoomed 32% in just 2 days to end at Rs 1,998 on Tuesday on NSE. The hospitality service management and support services company is building a multi-level parking facility in Ayodhya to accommodate visitor vehicles in Tedhi Bazar. The structure spans over 3,000 square meters, with a rooftop area exclusively for restaurants, capable of accommodating more than 1,000 devotees at once.
2) Praveg
Shares of Praveg, which runs luxury tents in tourist places in India, have rallied 47% in just 3 days to Rs 1,219.10 on BSE. Last year in November, the firm had 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.The company is also in focus as it had recently won a contract to open tents in Lakshadweep as well.
3) Genesys International
Shares of mapping technology solutions provider Genesys International today rallied up to 7% to day’s high at Rs 487 on Tuesday on its product being chosen as the official map for Ayodhya city.Their New India map platform integrates cutting-edge 2D navigation and a 3D digital twin of the entire city, offering an unparalleled and immersive experience for users.
4) Indian Hotels
Unlike the above three stocks, Indian Hotels is a largecap with a market capitalisation of over Rs 73,000 crore. Seen as a beneficiary of the travel boom in India, the stock is up 23% in the last one month. However, it hasn’t moved much in the near term due to the Ayodhya effect as its properties are slated to come up only in early 2027.
IHCL has signed two greenfield hotels in Ayodhya under the Vivanta and Ginger brands.
“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 vice president, for real estate and development at IHCL, had told ET earlier.
5) IRCTC
IRCTC, which has a monopoly in online booking of train tickets, is also in focus as millions are expected to travel to Ayodhya in the next few months. The PSU stock is up 23% in a month.
6) IndiGo
IndiGo has started daily flights between Ayodhya and Delhi. It has also started thrice a week flights connecting Ahmedabad airport and Maharishi Valmiki International Airport in the temple town.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)