Whalesbook
PM Modi Ka Videshi Kharch Par 'Patriotic' Call
PM Modi ne haal hi mein deshwalon se kaha hai ki woh videshi currency bachayein aur bahar kum kharch karein. Is appeal ko ek 'patriotic duty' bataya gaya hai, aur yeh sarkar ki economic resilience badhane ki strategy ka hissa hai, bilkul waise hi jaise Covid ke time mein self-sufficiency par focus tha.
Market Mein Machi Hahakaar
Is baat ka reaction itna tez hua ki travel stocks mein bhari giraawat aa gayi. Subah 9:45 AM tak, Yatra Online toh 5.44% neeche chala gaya. Thomas Cook India 3.97%, MakeMyTrip 3.27%, aur TBO Tek 2.48% gira. Ixigo aur IRCTC jaise stocks bhi lagbhag 2% neeche aaye.
Lagta hai investors ko dar lag raha hai ki agar log bahar travel karna kam karenge toh companies ka revenue kaise badhega. Upar se global tensions aur badhti oil prices ne bhi market ka mood kharab kar diya hai.
Sector Ka Outlook Aur Valuations
Nifty India Tourism Index, jo sector ko track karta hai, haal hi mein 0.08% gira tha. Overall market bhi Nifty 50 mein 0.62% ki giraawat ke saath cautious tha.
Jo companies jaise MakeMyTrip aur TBO Tek bahar ke travel par zyada depend karti hain, unke liye yeh ek bada challenge hai. MakeMyTrip ka P/E ratio lagbhag 96 hai aur TBO Tek ka 57, jo kaafi high valuations dikhate hain. Agar kharch kam hua toh profit margins par pressure aa sakta hai. Thomas Cook India ka P/E 18 ke aas paas hai, jo thoda moderate hai. Yatra Online ka P/E toh aksar negative rehta hai, jo unki financial challenges dikhata hai.
Sarkar public transport jaise metro aur railways ko bhi promote kar rahi hai, jisse bhi log apna kharch travel se hata kar idhar laga sakte hain.
Aage Kya?
Sarkar ka plan toh domestic economic activity badhana aur bahar ke factors par dependance kam karna hai. Jo companies domestic tourism par focus karengi, unke liye nayi opportunities ban sakti hain. Lekin abhi filhaal, sector ke liye outlook cautious hi lag raha hai, jab tak global situation aur economic measures clear nahi ho jaate.