Without doubt, Ayodhya will become a major spiritual tourism destination. The potential for tourism-related business is enormous and has attracted investors into hotel, travel and other tourism-related stocks, V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
While appreciating the long-term potential of investment, investors should not go overboard chasing these stocks that have elevated prices.
Many stocks in this segment have run up too much too fast and have shot up by more than 100 per cent in just a few weeks.
This is a sentiment-driven rally triggered by retail exuberance, he said.
Broadly, the valuation of the mid and small cap segments are too high, unjustified, almost in frothy territory.
This mid and small cap frenzy is partly driven by the newbie retail investors who are chasing these stocks and partly by mid and small cap mutual funds to which inflows are strong and sustaining, he said.
Ayodhya tourism has excellent long-term prospects, investors have to be careful about the valuations. Large caps in IT, capital goods, telecom and selective private sector banks are safer bets now, he added.
Tripura to have Nicco park-model modern recreational park at Jirania: Tourism Minister
The state tourism minister Sushanta Chowdhury on Friday chaired a meeting at Jirania in West Tripura district and said that responding to the proposal of the Tripura government, the Centre has approved establishment of Nicco park-model modern recreational park at Sachindranagar in Jirania subdivision.
PM Modi emphasising on development of North East region: Union MoS Dr. L. Murugan
The Union Minister of State for Information and Broadcasting and parliamentary Affairs Dr. L. Murugan on Friday claimed that the Northeastern states including the states of Tripura is moving in parallel with the rest of the country in terms of development.
State govt integrates AI tools to modernize administration
In a decisive move to modernize public administration, the Tripura government has begun integrating Artificial Intelligence (AI) into its governance framework, aiming to enhance transparency, efficiency, and citizen service delivery.
MoS Dr. L Murugan leads Tiranga Yatra in Belonia, says Operation Sindoor a success
Union Minister of State for Information & Broadcasting and Parliamentary Affairs, Dr. L Murugan, Friday led a Tiranga Yatra in Belonia under South District of Tripura to mark the success of Operation Sindoor and express solidarity with Prime Minister Narendra Modi and the Indian Armed Forces.
India in no hurry to review suspension of Indus Waters Treaty: MoJS
The Ministry of Jal Shakti (MoJS) is in no hurry to dilute the decision to keep the Indus Waters Treaty (IWT) in abeyance, a stand taken by the Centre as part of tough measures announced against Pakistan after the Pahalgam attack, a top official said on Friday.
Pak plans to give Rs 14 crore to Masood Azhar from public funds: Rajnath Singh
Addressing troops at a military base in Gujarat's Bhuj, Rajnath Singh claimed that the Pakistan government intended to give Rs 14 crore to Masood Azhar, the UN-designated terrorist and chief of Jaish-e-Mohammed (JeM).
India's GDP growth in Q4 of 2024-25 expected at 6.8-7 per cent: Report
The Indian economy is expected to grow at 6.8-7 per cent in the fourth quarter of the financial year 2024-25, driven by the agriculture sector, according to a Bank of Baroda report released on Friday.
BJP, Congress welcome govt's move to send multi-party MP delegations abroad on Pahalgam attack
The Narendra Modi-led government's planned diplomatic initiative of sending multi-party MP delegations to major world capitals to expose Pakistan’s role in the recent Pahalgam terror attack and to rally global support against cross-border terrorism has won support from both the ruling BJP and the opposition Congress.