Ayodhya Ram Mandir: Tourism boom in the offing! Check out six stocks that will be sure-shot winners

Ayodhya Ram Mandir: Only a few hours are left for the consecration ceremony of the Ram temple in Ayodhya, which is slated to be held on January 22, where Prime Minister Narendra Modi will perform the ‘Pran Pratishtha’ as per prescribed rituals.

As per reports, more than 8,000 guests will visit the temple that day, and then from the following day on, the temple will be open to the general public. The live telecast of the event can be watched on Doordarshan (DD News and DD National channels). On January 23, 2024, Doordarshan will do a live telecast of Aarti and the opening of the Ram Temple for the public.

This event will not only be remarkable from a religious perspective but certain pockets of the economy are also expected to gain big from the opening of the grand temple.

In the words of Atul Parakh, CEO of Bigul, "Ayodhya's Ram Temple inauguration is anticipated to be a momentous occasion with enormous possible economic implications. The number of tourists visiting Ayodhya is rising, which is driving up demand for lodging—that is, hotels and resorts."

Similarly, Harsh Goela, co-founder of the Goela School of Finance, believes that the opening of the Ram Temple in Ayodhya can lead to a tourism boom, presenting lucrative investment opportunities.

Which sectors will benefit from the opening of the Ram Temple?

As per analysts, hotels, railways, consumption, and aviation sectors stand to gain big as tourism will get a major boost.

Bigul's Parakh believes that budget hotels and guesthouses could experience an increase in demand due to their affordability as accommodation options.

The expert expects demand for travel and tour companies that specialise in religious tourism and pilgrimage packages to rise. Besides, improved air connectivity, special trains for pilgrimages, and road transportation to Ayodhya can all be advantageous to the aviation, rail, and road infrastructure industries.

The opening of the Ayodhya Temple can be advantageous for the food and beverage business as well as retail stores offering a variety of religious merchandise, Parakh added.

Which stocks should be on investors' radar?

Analysts expect the six stocks listed below to benefit the most from the opening of the Ram Temple.

Praveg Limited

Praveg, known for eco-responsible luxury hospitality, boasts a resort in Ayodhya, strategically positioned near the Ram Mandir. With 75 per cent pre-sold occupancy, it promises high returns.

Indian Hotels Company Ltd

The iconic Indian Hotels Company is set to establish Vivanta and Ginger-branded hotels in Ayodhya, marking the city's first branded hospitality experience. These ventures align with the company's vision to strengthen its presence in spiritual centres.

Interglobe Aviation Ltd (IndiGo)

IndiGo, India's largest passenger airline, announces Ayodhya as its 86th domestic destination. Operating from the soon-to-be-opened Shri Ram International Airport, it aims to connect pilgrims and tourists to the historical city.

IRCTC

Indian Railways plans to run over 1,000 trains to Ayodhya for the temple inauguration, facilitating easy access from major cities. The renovated Ayodhya station and a special Bharat Gaurav Deluxe AC Tourist Train add to the travel infrastructure.

Vaibhav Kaushik Research Analyst, GCL Broking, recommends buying the stock for a target price of Rs 1,200 while keeping a stop loss at Rs 790 apiece.

EaseMyTrip

With 'End to End' travel solutions, EaseMyTrip is poised to benefit from the surge in bookings for air tickets, hotels, cabs, buses, and railway tickets as Ayodhya becomes a focal point for travellers.

Kaushik recommended buying EaseMyTrip stock for a target of Rs 55 while keeping a stop loss at Rs 27 apiece.

ITC Ltd

GCL Broking's Kaushik believes that ITC will benefit from the opening as its property is close to Ayodhya Temple in the seven-star category. He recommended buying ITC shares for a target of Rs 520, keeping the stop loss at Rs 420 apiece.

Besides, due to a surge in tourists and religious pilgrims, companies like Indian Hotels Company Limited (Taj) and EIH Limited (Oberoi), Thomas Cook India, Spicejet, Rail Vikas Nigam, Transport Corporation of India, and Jai Prakash Associates could benefit from the opening of the temple.

Additionally, the IPO-bound OYO Rooms is also expected to benefit.

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