'Ayodhya Stock Exchange': 10 stock ideas to play the Ram Temple theme

As the country awaits the much-anticipated ‘Pran Pratishtha’ consecration ceremony of the Ram Temple in Ayodhya on January 22, 2024, Zee Business has handpicked a list of stocks to ride the religious tourism theme on Dalal Street and make the most of the historic event. In the special segment, ‘Ayodhya Stock Exchange’, Sethi Finmart managing director Vikas Sethi shares his views on the 10 stocks that are set to benefit from the mega event.

Here’s the list of 10 stocks:

IRCTC

IRCTC shares are expected to gain benefit directly from a pickup in tourism as the Indian Railways is considering connecting Ayodhya to all major cities in the country. The Railways has also planned 200 Aastha Special trains from January 22.While the stock has already staged a good run, the company holds a monopoly in the catering and ticketing segment. The stock is seen touching Rs 1,250 levels soon as it enjoys strong fundamentals, according to Sethi.

Praveg

Praveg is an event management, exhibition management, tourism and hospitality company. The stock is expected to reach levels of around Rs 1,300 in 6-9 months, according to Sethi.

InterGlobe Aviation

The parent company of airline IndiGo is set to benefit after the launch of Ayodhya flights. The low-cost carrier has already started direct flights to Ayodhya from Delhi, Mumbai and Ahmedabad. Investors may buy afresh or hold the stock at any level for a target of Rs 3,750, according to Sethi.

Allied Digital

The company has been appointed the Master System Integrator for the project work in Ayodhya. Investors may hold the stock for a target of Rs 225 per share, according to Sethi.

Paytm

Amid the burgeoning push given to digital payments, Paytm shares will also gain upside as tourism in Ayodhya gets a boost The company has inked an MoU with Ayodhya Nagar Nigam for Paytm's QR code and sound boxed. Already, the company's sound box business is doing good.

The stock can hit four-digit levels soon, according to Sethi.

Kamat Hotels

As tourism gets a boost in Ayodhya, Kamat Hotels plans to start operations of its new hotel with 50 rooms capacity.The company capitalising on the opportunity also plans to launch 2 more hotels. The investors can buy fresh positions into the stock or hold for levels of Rs 750, according to Sethi.

Genesys International

Genesys International’s New India map platform has been chosen as the official map for Ayodhya city by the Ayodhya Development Authority. Genesys International is one of the leading homegrown players that is into extending navigation mapping services.The stock has been given a 'buy on dip' call by Sethi with a target of Rs 650 seen hitting in 9-18 months 

Pakka Ltd

The company is into the manufacturing of disposable cutlery and has its manufacturing facility in Ayodhya itself. The company sees its revenue ticking higher to Rs 1600 crore by FY27 from Ayodhya itself. The stock is given a 'hold' call with a long term target of Rs 475.

Apollo Sindoori

The company has initiated the development of multi-level parking area in Ayodhya market. This shall in turn augur well for the company. Given the company's rich experience, the stock is set to benefit from this project in Ayodhya. The company is given a 'hold' call with a target of Rs 3000 that can be hit in a 12 months timeframe.

Indian Hotels

It is another one-of-a-kind stock that is seen to benefit from the increasing spiritual tourism. The company has a network of total 19 hotels in the city with 9 hotels under construction. The company also plans to roll-out another hotel with 500 rooms.