January 22, 2024
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Spiritual Tourism is the new buzzword, 6 stocks in limelight.
The biggest business, at least in India, is religion. And religious tourism has got so much credence. As spiritual tourism picks up pace investors can take a look at companies in sectors that are fostering economic growth and development such as hotels, transportation, travel, mobile, real estate as well as infrastructure.
Some of the stocks which experts are betting big on include names like IRCTC, Indian Hotels, Thomas Cook, Lemon Tree Hotels, Spice Jet as well as InterGlobe Aviation.
The government of India’s pro-tourism policies along with rail and road connectivity has resulted in a steady rise in spiritual tourism in the country. Destinations like Ayodhya, Mathura, and Vrindavan are attracting more tourists than Goa.
Spiritual tourism has caught up. The top 10 destinations for visits to India are all from the spiritual tourism spot. To that extent, the shift is going from Himachal and Goa towards all these destinations.
Indigo, IRCTC, Indian Hotels, and the other hotel spaces are what analysts like. Thomas Cook is also one play that we can integrate into this.
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd highlighted the transformation taking place in temples across India which could attract more tourists in the near future.
“India has about 35 lakh mandirs across the country and small and big mandirs and most of these bigger mandirs are getting transformed into bigger places,” he said.
“It is a mandir economy, which is feeding about 15% to 20% of India’s population directly or indirectly who all are there in the ecosystem,” he highlighted. He likes Praveg which has entered into the Tent City kind of a business and IRCTC.
Quicklinks
- Staffavailable.com
- BigGaddi.com
- ChanakyaMFGuidance.com
- Magajmari.com
- AnalysisLibrary.com
- Calls for the Day
