“Tourism is projected to surge and increased economic and religious migration to Ayodhya, multiple sectors stand to benefit including hotels, airlines, hospitality, FMCG, travel ancillaries, cement etc,” said Jefferies analyst Mahesh Nandurkar.
Here’s a list of 7 listed Indian companies which have a role to play in Ayodhya and Ram Mandir project:
1) L&T
Construction giant Larsen and Toubro (L&T), which had also built the Sardar Patel statue in Gujarat, is behind the design and construction of the Ram Mandir. Housed within a 70 acre complex, the three-storeyed temple has been built without the use of corrosive metals like iron or steel. L&T said the engineering marvel can last a thousand years. L&T shares are up about 3% this month.
Also read: 10 stocks with Ayodhya Ram Mandir link rally up to 148% in January
2) Havells India
Havells supplied and installed exquisite indoor lighting products to enhance the aesthetic appeal and spiritual ambiance of the sacred temple. The electrical goods manufacturer said the products have been meticulously designed with customized form factors, optics, materials, exclusive finishes to accentuate the architecture. Havells shares have fallen about 2% in January.
3) Pakka
The Shri Ram Janmabhoomi Teerth Kshetra Trust has tied up with Pakka for compostable plates, bowls, and spoons used in the temple premises. The Ayodhya Development Authority has also directed all tent cities in the town to use only eco-friendly tableware. Ram Mandir has been a big trigger for the stock which has zoomed 45% in the month.
4) SIS
Private security group SIS Ltd has signed an agreement with the Ram Mandir Trust to deploy its personnel at the temple complex in Ayodhya to help devotees as well as help the security forces deployed there. SIS shares have rallied 11% in the month.
5) Allied Digital Services
Mumbai-based Allied Digital Services has been selected as a Master System Integrator (MSI) for the Integration of CCTV Surveillance with Existing ITMS Control Room for the Ayodhya Smart City Project.
ADSL will establish a multi-location CCTV surveillance system, set up new cameras, and integrate the present CCTV surveillance camera network into a unified system which will be connected to the existing ITMS control room. The microcap stock is up 44% in January.
6) Genesys International
Mapping technology solutions provider Genesys International’s product was 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. The smallcap is up around 8% so far in the month.
7) Apollo Sindoori Hotels
Chennai-based Apollo Sindoori Hotels, which provides hospitality service management and support services, 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. The stock has rallied around 48% in January.
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