Launch of the Ram Mandir: As millions of people around the world schedule pilgrimages to the sacred site, Ayodhya has witnessed a spike in investor interest ahead of the city’s January 22 opening of the Ram Mandir. It is projected that the city may see a daily influx of people. possibly as many as three lakh people. Third quarters are usually the busiest for the tourism industry.
Hotel stocks have surged in tandem with increased domestic travel and spiritual tourism due to the opening of the Ayodhya temple, according to Atul Thakkar, Director of Investment Banking at Anand Rathi Advisors.
Apollo Sindoori Hotels, situated in Chennai, saw a 32% increase in just two days, closing on the NSE on Tuesday at Rs 1998. In Tedhi Bazar, Ayodhya, the company is building a multi-level parking facility that will be over 3,000 square meters in size and have a rooftop café that can hold up to 1000 devotees at once.
Reputed for producing opulent tents for tourists in India, Praveg saw a 47% increase in 3 days to hit Rs1,210.10 on the BSE. The company opened an opulent resort with 30 tents and a restaurant beside the Brahma Kund in Ayodhya last November. Furthermore, Praveg has obtained a contract for the installation of tents in Lakshadweep.
Due to the fact that Genesys International’s product was selected as the official map of Ayodhya city, its shares surged by 7% to Rs487 on Tuesday. Their latest India Map platform combines a 3D visual depiction of the entire city with sophisticated 2D navigation.
Indian hotels have had a 23% increase in market valuation over the past month, surpassing Rs. 73,000 crores. The Ayodhya effect hasn’t had a major short-term impact on the stock, but by early 2027, its qualities should become apparent. IHCL has agreements in place for two new hotels in Ayodhya that will operate under the Vivanta and Ginger brands.
Over the previous month, IRCTC, the industry leader in online rail ticket sales, has experienced a 23% increase in its stock. The stock is already in the spotlight since it is anticipated that millions of people would visit Ayodhya in the coming months.
IndiGo started operating flights three times a week between Ahmedabad and Maharishi Valmiki International Airport in the temple town, in addition to daily flights between Ayodhya and Delhi.
