IRCTC, Praveg, IHCL, EaseMyTrip: 12 Stocks Are Likely To See Bullish Trend Thanks To Ram Mandir Ayodhya

The ceremony of Ram Lalla's temple in his birthplace Ayodhya is nearing, and the majority of Indians await with pride and excitement. The Ram Mandir will be inaugurated on January 22, lightened up in gold, flowers, incense sticks, lanterns and much more. The Ram temple is a beacon symbol for the transformation of Ayodhya, a city near the Sarayu river in Uttar Pradesh. From road, and rail to air, Ayodhya is set to change into a smart, modern and advancing city, adding to the economic growth furthermore.

And because of this move, ahead of Ram Mandir's ceremony, a list of 12 stocks have already witnessed fireworks and rallies of bulls in recent times. These 12 stocks are likely to benefit after the Ram temple launch because of their nature of business and contribution to transforming the city itself.

1. IRCTC:

Indian Railway's catering services provider, IRCTC has gained significantly in the past few days. Last week, on Friday, IRCTC shares touched a new 52-week high of Rs 962.25 apiece on BSE before ending at Rs 951.30 apiece, up 1.2% with a market cap of Rs 76,104.00 crore. In a year, IRCTC shares have gained by 49% on BSE so far.

This Mini Ratna was incorporated in September 1999, as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through the development of budget hotels, special tour packages, information & commercial publicity and global reservation systems.

Hence, IRCTC will directly benefit from the new railway projects in Ayodhya.

2. Praveg:

This small-cap stock had a strong last week with gains of nearly 23% on BSE. Year-to-date, the stock zoomed by 50.3%. But in a year, it is a multi-bagger with gains of 232%.

Currently, the stock is at Rs 1,129.85 apiece on BSE.

Praveg is the leading Exhibition Management Company, having successfully managed more than 3000 events and exhibitions in India and abroad during the last 20 years.

Notably, the company has already built a resort near the temple and may see demand from travellers after the ceremony.

3. Taj GVK Hotels:

Part of Tata Group, Taj GVK's share will also see a boost amidst the launch of Ram Mandir as its co-parent Indian Hotels have declared a huge project in Ayodhya.

Taj GVK's share stood at Rs 242.55 apiece. In a year, the stock jumped by 37.03%. TAJGVK Hotels & Resorts Limited (TAJGVK) is a joint venture, formed through a Strategic Alliance, between Hyderabad Based GVK Group and the Indian Hotels Company Limited (IHCL) in the year 1999.

4. Indian Hotels:

Tata-backed flagship hotels and resorts company, Indian Hotels will massively benefit after the Ram Mandir inauguration as the company in April last year signed new hotels in Ayodhya, Uttar Pradesh. Both, Vivanta and Ginger branded hotels are Greenfield projects. As per the statement, the 100-room Vivanta will offer an all-day diner, large banqueting spaces, and recreational facilities including a pool, and health club. The 120-room Ginger will house Qmin, the all-day diner serving local and global cuisines, meeting rooms, and a fitness centre.

On BSE, last week on Friday, Indian Hotels' share price reached near its 52-week high of Rs 467.95 apiece. The stock is currently at Rs 461.80 apiece. In a year, the stock climbed over 51%.

IHCL and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj - the iconic brand for the most discerning travellers.

5. Apollo Sindoori Hotels:

Yet another hotel company, Apollo Sindoori is building a multi-level parking facility in the Ram Lalla's birth city. The stock is only listed on the NSE and has gained by 63% in less than two weeks of 2024, while its yearly upside of 95%. In 5 years, the stock jumped by 148%. Currently, the stock is at Rs 2,510.

Apollo Sindoori is a leading hospitality service management and support services company.

6. ITC:

Leading FMCG player, ITC is also on the list to benefit. ITC's luxurious hotel brand ITC Hotels is reportedly looking to establish its presence in Ram Janmabhoomi Ayodhya. ITC shares are also among the top performers of its sector since 2023. Currently, the stock price is at Rs 466.60 apiece on BSE. In a year, the stock has zoomed by 41.44%.

With over 115 hotels in 80 destinations across six distinct brands, ITC's hotel group integrates India's renowned tradition of hospitality and warmth, with globally benchmarked facilities & services.

7. EIH Ltd:

EIH Limited is the flagship company of the Oberoi Group, one of the largest luxury hotel chains in India. The company is also among the many hotels that may reportedly be looking for a developing footprint in Ayodhya.

EIH is currently near its 52-week high of Rs 287.40 apiece. Last week, on BSE, the stock price ended at Rs 280.75 apiece on Friday. In a year, EIH shares have advanced nearly 59%.

8. Indigo:

Airline stocks will benefit mightily since PM Narendra Modi has inaugurated the newly built Ayodhya Airport. The airport has been named Maharishi Valmiki International Airport. In the first phase, the airport can handle 10 lakh passengers annually and after the second phase, Maharishi Valmiki International Airport will cater to 60 lakh commuters annually.

This will mean a huge demand for air passengers at domestic airlines like Indigo which is the largest airliner in India in terms of market share.

On BSE, Interglobe Aviation's stock price stood at Rs 3,072.20 last week, after market hours of Friday. In a year, Indigo shares zoomed by over 46%.

9. SpiceJet:

Just like Indigo, low-cost carrier SpiceJet is also likely to benefit from Ayodhya Airport. The stock price is currently at Rs 65.31 apiece on BSE, and in a year, it has gained by over 76%. SpiceJet is India's most preferred low-cost airline, connecting the remotest corners of the country. It also operates the maximum number of UDAN flights in the country.

10. Thomas Cook:

With massive infra projects right from rail to air, travel companies are set to record a surge in demand for bookings for Ayodhya trips. Thomas Cook is among them. Thomas Cook is the leading omnichannel travel company in the country offering a broad spectrum of services including Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Value Added Services and Visa Services.

On BSE, last week on Friday, Thomas Cook shares touched a new 52-week high of Rs 174.40 apiece before ending at Rs 171.70 apiece up by 3.12%. In less than two trading weeks of 2024, Thomas Cook shares have surged by 25%, and in a year, the stock is up by 134%.

11 EaseMyTrip:

Leading online travel agency, EasyMyTrip offers a comprehensive range of travel-related products and services catering to the needs of passengers travelling domestically, as well as travelling to and from international destinations. The company provides customers with various tools and information that they need to research, plan, book and purchase travel products and services in India as well as outside India.

Easy Trip Planners' share price is currently at Rs 49.62 apiece on BSE. But in five days, the stock rallied by 17.5% on BSE. YTD, the stock is up by 22%.

12 Yatra Online:

Yatra Online is another listed online travel company in India providing a 'best in class' customer experience to be 'India's Travel Planner'. It is also among the newly listed travel companies. At present, the stock is at Rs 176.45 apiece on BSE. In the last five days, Yatra Online shares soared by 19% on BSE, while YTD, is up by 22.4%. In a year, the stock gained by 30.5%.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.