What's happening with #Ayodhya stocks? Should you invest?
Here's Niraj Shah with all you need to know.
For the latest news and updates, visit: http://ndtvprofit.com
Here's Niraj Shah with all you need to know.
For the latest news and updates, visit: http://ndtvprofit.com
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TVTranscript
00:00 What's happening with the Ayodhya stocks you might ask?
00:02 Well, they are all moving up.
00:04 Look at the price gains.
00:05 Apollo Sindhuri was up 20% Monday,
00:08 4% when I checked early morning,
00:10 up about 20% in a month.
00:11 Praveg was up 17% Monday,
00:14 some 13% when the last time I checked this morning,
00:17 and up 40% in a month.
00:19 IRCTC is up 20% in the last one month.
00:21 Well, the Ram Mandir story out there
00:24 is helping all of these stocks.
00:25 So fundamentally what's happening there, think of this.
00:28 There is an increase in inquiries
00:29 for land and apartments around Ayodhya
00:31 is what I read in newspapers.
00:33 Abhinandan Lodha Group has planned 2,000 crores
00:35 of luxury hotels in Ayodhya and Benares.
00:38 Taj is constructing two hotels
00:39 of 100 and 120 rooms respectively.
00:41 The tent city sees bookings well beyond Jan 22nd.
00:45 As Tamanna was telling me,
00:46 it's expected that nearly five to six lakh visitors
00:50 will be there in Ayodhya almost every single week
00:53 for the next few weeks, and not just Jan 22nd.
00:56 Now, if this is a story,
00:57 then consumption in Ayodhya is certainly gonna go,
01:00 and which is why these stocks are rallying.
01:02 But, but, but, the valuations are steep in some of those.
01:05 I've looked at Trilling 12 months,
01:07 Praveg 132 times, Apollo Sindhuri 56 times,
01:11 IRCTC 68 times.
01:13 The stocks are not cheap.
01:15 Please be careful if you're buying into them.
01:17 If you know the story, yes, it is a story worth playing,
01:20 but I urge you to do your homework and then log on
01:22 because some of these stocks
01:24 on the back of the Ayodhya move and the Lakshadweep move
01:27 have already rallied quite a bit.
01:29 (upbeat music)
01:31 (upbeat music)