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Republic Day Gains: A Closer Look at the 68 Stocks That Achieved Multi-Bagger Status.

Republic Day

Ram Mandir

The revamp of Ayodhya would make it a global spiritual and religious tourist destination.

In a phenomenal year for equity markets since the last Republic Day, a total of 68 stocks from the Nifty 500 index have emerged as star performers, displaying multi-bagger returns. The Nifty 500 index gained 28 percent during the same period, underscoring the impressive performance of these standout stocks.

Sectoral Winners: The standout sectors contributing to the market’s success over the past year include realty, public sector undertakings (PSUs), infrastructure, auto, pharma, and energy stocks. These sectors witnessed a remarkable rally, with gains ranging between 38 percent and an impressive 100 percent.

Railway Stocks Lead the Pack: Among the stellar performers, railway stocks took center stage, with Indian Railway Finance Corporation leading the pack with a staggering 444 percent gain. Rail Vikas Nigam and RITES also posted significant surges of 299 percent and 103 percent, respectively.

Power and Ancillaries Sector: The power and ancillaries space also experienced a surge in multi-bagger stocks, fueled by the government’s emphasis on clean energy, infrastructure, and the manufacturing sector. Companies such as Suzlon Energy, REC, Power Finance Corporation, and others saw substantial gains ranging from 101 percent to 347 percent.

Expert Insights and Future Outlook: Experts believe that India’s conducive environment for capex-driven growth, evidenced by GST implementation, rising collections, and significant government allocations to capex, played a pivotal role in the market’s success. Sectors like defense, railways, infrastructure, power, and PSU banks became focal points for investment.

Looking ahead, experts anticipate continued opportunities, especially in sectors like power, railway infrastructure, and clean-tech. With expectations of increased government focus on infrastructure in the upcoming budget, the growth in these sectors is poised to remain robust.

Market Outlook for 2024: While 2023 marked a remarkable year for global stock markets, experts suggest that the year ahead may not generate similar returns. Anticipated to be around 10 percent or slightly less, market returns in 2024 are expected to be influenced by factors such as geopolitical events, general elections in India and the United States, and the interest rate trajectory in the US.

Despite potential challenges, experts remain cautiously optimistic about the Indian market, considering its strong fundamentals, current valuations, and ongoing earnings growth. The market’s ability to weather uncertainties will be crucial, with close monitoring of the US Federal Reserve’s policy stance and the outcomes of major geopolitical and election events in the coming year.

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Ram Mandir Ram Mandir Ram Mandir Ram Mandir Ram Mandir Ram Mandir Ram Mandir Ram Mandir

Ram Mandir may be visited by 50 million people: Jefferies evaluates Ayodhya multiplier

The revamp of Ayodhya would make it a global spiritual and religious tourist destination.

Jefferies predicts that Prime Minister Narendra Modi’s spectacular opening of the Ram temple in Ayodhya will boost India’s economy by attracting 50 million tourists every year.

A $10 billion makeover (new airport, railway station, township, road connectivity, etc.) may spur new hotels and other economic activity. It can also model infrastructure-driven tourism growth, added Jefferies.

Check out our live Ram Mandir inauguration updates today.

Before the pandemic, tourism boosted FY19 GDP by $194 billion. This should reach $443 billion by FY 2033 at an 8% CAGR. India has a tourism-to-GDP ratio of 6.8%, which is lower than most emerging and developed nations by 3-5 percentage points.

The renovation will make the old city a destination for religious and spiritual tourists. “The new Ram temple costs $225 million. Jefferies expects tourism to rise. The organization reported that “multiple sectors stand to benefit including hotels, airlines, hospitality, FMCG, travel ancillaries, cement etc” as economic and religious migration to Ayodhya rises.

Phase 1 of Ayodhya Airport cost $175 million and can accommodate 1 million passengers. International terminals with 6 million passenger capacities are expected by 2025. Both the airport and train station have been refurbished to handle 60,000 passengers per day. A 1,200-acre greenfield community and improved road links are also proposed.

Jefferies said that thousands of delegates visited India during its G20 leadership, promoting tourism across the country.

Forbes named India 7th most attractive in 2022. India has 42 UNESCO World Heritage sites, 6th worldwide. Only three countries have hot and cold deserts, including the world’s largest democracy.

Ram Mandir may be visited by 50 million people: Jefferies evaluates Ayodhya multiplier

The revamp of Ayodhya would make it a global spiritual and religious tourist destination.

Jefferies predicts that Prime Minister Narendra Modi’s spectacular opening of the Ram temple in Ayodhya will boost India’s economy by attracting 50 million tourists every year.

A $10 billion makeover (new airport, railway station, township, road connectivity, etc.) may spur new hotels and other economic activity. It can also model infrastructure-driven tourism growth, added Jefferies.

Check out our live Ram Mandir inauguration updates today.

Before the pandemic, tourism boosted FY19 GDP by $194 billion. This should reach $443 billion by FY 2033 at an 8% CAGR. India has a tourism-to-GDP ratio of 6.8%, which is lower than most emerging and developed nations by 3-5 percentage points.

The renovation will make the old city a destination for religious and spiritual tourists. “The new Ram temple costs $225 million. Jefferies expects tourism to rise. The organization reported that “multiple sectors stand to benefit including hotels, airlines, hospitality, FMCG, travel ancillaries, cement etc” as economic and religious migration to Ayodhya rises.

Phase 1 of Ayodhya Airport cost $175 million and can accommodate 1 million passengers. International terminals with 6 million passenger capacities are expected by 2025. Both the airport and train station have been refurbished to handle 60,000 passengers per day. A 1,200-acre greenfield community and improved road links are also proposed.

Jefferies said that thousands of delegates visited India during its G20 leadership, promoting tourism across the country.

Forbes named India 7th most attractive in 2022. India has 42 UNESCO World Heritage sites, 6th worldwide. Only three countries have hot and cold deserts, including the world’s largest democracy.

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