These 4 Ayodhya Ram Mandir-linked stocks saw increased retail buying in last 3 months

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The rally in some of the stocks connected in some or the other way to Ayodhya city is an indication of this.
Be it a company like Pakka Ltd which supplies compostable products such as plates and bowls, or InterGlobe Aviation, which will be running flights between Ayodhya and some major metro cities, the retail investor on Dalal Street has it all in his/her portfolio.

Data analysed by ETMarkets showed that in at least four companies that are linked to Ayodhya Ram Mandir, retail investors raised their bets in the last three months.

Also Read | 10 stocks with Ayodhya Ram Mandir link rally up to 148% in January
Let’s take a look at how retail investors’ holdings in the above-mentioned stocks moved from the September quarter to the December quarter, and how these stocks have performed.

Allied Digital Services

Retail holding in this company shot up by 133 basis points sequentially in the December quarter, data by Ace Equity showed. The stake of retail investors holding shares worth up to Rs 2 lakhs, rose to 31.22% at the end of December from 29.89% a quarter ago.
Interestingly, foreign institutional investors that held no stake in the company until September quarter, acquired a 1% stake in the last quarter.
Since October, shares of Allied Digital have rallied more than 41%. The company had announced that it won a contract for the Ayodhya Smart City Project.

Easy Trip Planners

The travel services provider also saw a rise in retail holding, who were not only planning a trip to Ayodhya but also showing interest in the stock. Retail holding in the company increased sharply to 21.98% in the three months ended December from 16.84% a quarter