The whole nation is excited about the inauguration of the Ram Temple in Ayodhya, Uttar Pradesh. The idol of Lord Ram Lalla is going to be installed at the Temple after the consecration ceremony on January 22. People are coming in from all parts of the country. Amid this, the business of certain industries is also growing at a rapid pace. It has been found that the consecration ceremony of the Ram Temple has also affected the stock market. There are many listed companies that have seen tremendous growth in the past month. Let’s look at five stocks that are growing rapidly before Ayodhya Mandir Pran Pratishtha:
Praveg Limited: Praveg Limited is a small-cap company that is involved in event management, exhibition management, and organising luxury accommodations in tourist places. Due to the Pran Pratishtha ceremony, the stock has increased by more than 70 percent in the last month. This company has built two tent cities in Ayodhya. As per reports, one tent city is right next to Ram Janmabhoomi, while the other one is built on the banks of the Saryu River. The company started accepting bookings for the tents in November last year, with starting prices of Rs 8000 per night. Another reason for the rise in share price is that the company has also built a resort in Lakshadweep. After the Maldives controversy, tourism is expected to grow in the area. As of today, that is January 12, the share price of Praveg Limited is Rs 1,135.90.
Apollo Sindoori Hotel Ltd: Apollo Sindoori Hotels Ltd is another hospitality company that has seen a rapid rise in its share price. As of January 12, the shares of this Chennai-based company were worth Rs 2,560. Looking at the history of the stock in the last six months, the shares have risen by more than 90 percent in the last six months. In the last year, the shares of this company have risen by about 100 percent. The company is developing multi-level parking in Tedhi Bazaar in Ayodhya, with an expected area of about 3000 square metres. Apart from that, a restaurant will also be built by them on the roof of the parking lot. This restaurant will have seating arrangements for more than 1,000 people.
IRCTC: The shares of Indian Railway Catering and Tourism Corporation (IRCTC) have also seen substantial growth due to the consecration ceremony in Ayodhya. As per reports, the stock has risen by more than 20 percent in the last month. Experts estimate that IRCTC will benefit from the increase in the number of tourists in Ayodhya this year and beyond. As of January 12, the share of IRCTC was priced at Rs 950.
Interglobe Aviation Ltd: Recently, the government inaugurated an airport in Ayodhya, Uttar Pradesh. One of the country’s largest airlines, Indigo, has started its flights from Delhi to Ayodhya, which started on January 6. Flights from Mumbai to Ayodhya began on January 11, while flights from Ahmedabad are expected to start on January 15. This has affected the share price of its parent company, Interglobe Aviation Ltd. In the past month, the company has risen by more than 4 percent. As of today, that is January 12, the price of its share is Rs 3066.35.
Genesys International Corporation Ltd: Genesys International Corporation Ltd is a mapping technology solution provider firm. The company revealed that its New India Map platform has been selected by the Ayodhya Development Authority to chart the official map of the city. The company said that its mapping platform not only provides people with accurate routes and location information, but it also has a special feature designed for electric vehicles. In the past one month, the share price of the company has risen by more than 16 percent. As of January 12, the price of their share is Rs 507.80.
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