Modi’s Grand Hindu Temple Plan Creates Winners in Stock Market

A bunch of small stocks expected to gain big from the opening of a controversial Hindu temple in India have emerged as winners.

Shares of companies linked to the development of Ayodhya have risen on the prospects of the temple town becoming a religious tourism destination. Praveg Ltd., which has set up luxury tents near Ayodhya, and Allied Digital Services Ltd., which got a contract for CCTV surveillance network, have both soared more than 55% in the last one month. Kamat Hotels India Ltd. gained about 35% during the period.