Ram Mandir Inauguration: Top stocks to consider

The upcoming inauguration ceremony, tentatively set for January 24th, 2024, is expected to bring millions of pilgrims to Ayodhya, turning the quiet town into a busy center of activity. This large number of visitors will impact different industries, causing increases in demand and possibly raising stock prices for certain companies.

While some industries might see a short-term boost, others are set for long-term growth because Ayodhya is expected to become a major pilgrimage destination.

Here’s a list of stocks to consider investing which is likely to benefit from the inauguration of 
Ram Mandir:

Praveg

Praveg, known for its environmentally friendly luxury hotels, has a resort in Ayodhya near the Ram Mandir. The stock offers a good chance for making more money during the inauguration due to the increased demand.

Jubilant Foodworks

As a quick-service restaurant operator, Jubilant Foodworks could benefit from the surge in visitors seeking dining options.

Indian Hotels Company Limited

The famous Indian Hotels Company plans to open Vivanta and Ginger-branded hotels in Ayodhya, marking the city’s first experience with well-known hospitality brands. This move fits with the company’s plan to strengthen its presence in spiritual places.

Interglobe Aviation

Interglobe Aviation could benefit from more people flying to Ayodhya after the inauguration, which could mean higher demand for its services.

IRCTC

Indian Railways plans to run more than 1,000 trains to Ayodhya for the temple inauguration, making it easier for people from major cities to reach. This could lead to more demand for IRCTC’s catering, tourism, and ticketing services.

Remember that market conditions are subject to change, and the success of these investments will depend on various factors. Always consider your investment goals, risk tolerance, and the broader economic landscape before making any financial decisions.

This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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