In a momentous occasion awaited by devotees worldwide, the Ayodhya Ram Mandir is set to open after the 'Pran Pratishtha' ceremony on Monday, with Prime Minister Narendra Modi participating. The historic event has not only captivated the religious community but also sparked investor interest in Dalal Street, with several companies associated directly or indirectly with the temple gaining attention.
Investors are eyeing potential gains in firms contributing to the construction of the temple, ranging from electricals to tourism. As the share market opens on Tuesday, January 23, here are insights into five noteworthy companies:
Havells India: Renowned for supplying and installing lighting products for the temple, Havells India played a crucial role in the Shri Ram Mandir project. The company handled the supply, installation, testing, and commissioning of advanced lighting elements to enhance both aesthetic appeal and spiritual ambiance.
L&T (Larsen & Toubro): As per the mandate from the Shri Ram Janmbhoomi Teerth Kshetra Trust, L&T successfully designed and constructed the Shri Ram Janmbhoomi Temple, achieving a new milestone in architectural grandeur.
IRCTC: In the tourism sector, IRCTC holds a monopoly in online train ticket booking. Indian Railways plans to operate over 200 special Aastha trains to Ayodhya following the consecration ceremony of the Ram Temple on January 22.
Pakka: Based in Ayodhya, Pakka is responsible for supplying compostable plates, bowls, and spoons for the Pran Pratishtha ceremony. The small-cap stock has delivered over 63% returns in the past week alone.
Praveg: A player in the hospitality sector, Praveg has established a luxury tent resort in the temple town with a capacity of 30 tents and one restaurant. The company's shares have seen remarkable growth, delivering over 120% returns in the last six months.
