Introduction:

The entire nation is getting decked up as the historic Ram Mandir is set for inauguration. The landmark cultural event has not only sent the entire nation into a frenzy but has also created a significant buzz in the stock market. Several stocks are poised to benefit from the inauguration, and investing in them now can help you boost wealth in the long run. What are these? Let’s find out.

Stocks in limelight due to Ram Mandir inauguration

• Railway stocks

The upcoming inauguration of the Ram Mandir is expected to bring positive developments for railway stocks. As the government focuses on enhancing connectivity for the event through railways, railway companies stand to benefit. Increased passenger and freight traffic during this period can boost railways’ revenue, leading to a potential rise in its stock values.

Indian Railways have already announced its ambitious plan to run several trains for visitors to Ayodhya, and several railway stocks such as IRCTC and Rail Vikas Nigam Ltd have witnessed a surge in their returns in the last few days.

Also, the inauguration of the Ram Mandir could lead to long-term benefits for railway stocks. The government’s commitment to improving transportation links for Ayodhya and tourists visiting the holy city may result in sustained growth for the railway sector in the coming days.

• Airline stocks

Ram Mandir's inauguration is expected to benefit airline stocks. As people from various parts of the country plan to attend the historic event, there is a surge in demand for air travel. Airlines are likely to benefit as travellers seek convenient and efficient means of reaching the inauguration site. This increased demand for flights is anticipated to positively impact the financial performance of airline companies, potentially leading to higher stock prices.

Several airlines, such as Indigo, have announced direct flights to Ayodhya from different parts of the country. The influx of pilgrims and visitors is likely to boost airlines as they cater to the increased need for transportation services. This positive market sentiment can potentially drive up the value of airline stocks, making them an attractive investment option.

• Tourism stocks

Tourism stocks are poised for a boost as the inauguration of the Ram Mandir approaches. The event is expected to draw significant visitors, both from within India and around the world. As the ceremony unfolds, tourists are likely to flock to the holy city of Ayodhya, contributing to increased footfall in the region.

Investors in tourism stocks stand to benefit from this surge in travel. Hotels, transportation services, and local businesses catering to tourists are anticipated to experience a rise in demand during the inauguration period. Thomas Cook and Ease My Trip are some tourism stocks that have already witnessed an uptick in returns because of the event.

• Hospitality stocks

The upcoming inauguration of the Ram Mandir presents a promising opportunity for hospitality stocks to flourish. As the event draws near, hotels and accommodation providers are expected to experience a surge in bookings from tourists and pilgrims from across the globe attending the ceremony. This increased demand for lodging is likely to boost the revenue of hospitality companies as more people seek comfortable and convenient places to stay during the festivities.

Restaurants, cafes, and catering businesses near the Ram Mandir are anticipated to witness higher footfall. This heightened activity provides an economic boost for companies operating in this sector. Some hospitality stocks likely to benefit are Apollo Sindoori Hotels, Praveg Ltd, Indian Hotels Company Ltd and Genesys International.

• Infrastructure stocks

The inauguration of the Ram Mandir is expected to bring about significant opportunities for infrastructure stocks. As the government invests in the development and improvement of the surrounding areas, companies involved in construction, transportation, etc., are likely to benefit. Companies engaged in constructing roads, bridges, etc., contributing to the region’s overall development, are set to see a surge in prices.

Construction giants like Larsen & Toubro (L&T) have already seen a significant surge in stock prices because of the event.

In conclusion

While the stocks mentioned above will likely benefit from the historic event, you must invest in them cautiously. Make sure to study the fundamentals well and not act in a hurry. Prudent investment can help you grow your wealth while mitigating risks.

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