What's Happening With Ayodhya Stocks: All You Need To Know | NDTV Profit - video Dailymotion

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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

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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)

What's Happening With Ayodhya Stocks: All You Need To Know | NDTV Profit

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