ICC World Cup 2023: Stocks to Chase
Cricket, often dubbed as the religion of India, is set to reach its pinnacle with the ICC Men's Cricket World Cup 2023. This grand sporting spectacle is not only a celebration of the gentleman's game but also a significant catalyst for certain sectors in the Indian economy. Let's explore how this cricket extravaganza is poised to boost specific businesses and why you should keep a close eye on them.
1. Reliance Industries Ltd
Reliance Industries is more than just an energy conglomerate. It's a powerhouse with diverse interests, including food and beverage and electronics businesses. During marquee events like the World Cup, these segments typically witness a substantial uptick in sales. The company's subsidiaries, Den Networks and Hathway Cable and Datacom Limited, hold a dominant market share in the cable and broadband sector. As the demand for connectivity surges during the tournament, Reliance Industries could stand to benefit.
2. The Indian Hotels Company Ltd
The hospitality sector is another winner during major sporting events. The Indian Hotels Company, which manages various hotel chains including Taj and Vivanta, could see a boost in occupancy rates and revenue. As cricket enthusiasts from around the world flock to India, this company's services will be in high demand.
3. Jubilant FoodWorks Ltd
Jubilant FoodWorks, the master franchisee for Domino’s Pizza and Dunkin’ Donuts, is well-positioned to capitalize on the increased demand for food delivery services. Additionally, their homegrown brand, Hong’s Kitchen, adds further diversity to their offerings, making them a potential winner during the tournament.
4. Varun Beverages Ltd
Varun Beverages operates in the beverage sector, including energy drinks. As fans cheer for their favorite teams, the demand for beverages is expected to rise. Strong acceptability for their energy drink, Sting, and entry into new categories could boost their sales and revenue.
5. Westlife Foodworld Ltd
Westlife Foodworld, through its subsidiary Hardcastle Restaurants Pvt Ltd, operates McDonald’s restaurants in West and South India. As fans gather to watch the matches, fast food establishments are expected to experience increased foot traffic and sales.
6. United Spirits Ltd
The alcoholic beverage sector often benefits from major sporting events. United Spirits, with a range of popular brands, could see an uptick in demand as cricket enthusiasts celebrate their team's victories.
7. Interglobe Aviation Ltd
The aviation industry is set to benefit considerably from the World Cup season. IndiGo, a leading player in this sector, is expected to see increased travel bookings as fans travel between host cities to catch the matches.
8. Indian Railway Catering & Tourism Corp Ltd
As fans embark on their cricket pilgrimage, the Indian Railway Catering & Tourism Corp is likely to witness a surge in bookings for train travel and tourism-related services.
9. Zomato Ltd
Zomato, a food delivery and restaurant discovery platform, could see increased orders as cricket enthusiasts opt for the convenience of home-delivered meals while watching the matches.
10. Network 18 Media Investments Ltd
Network 18 Media Investments, with interests in television, print, digital, and OTT platforms, including BookMyShow, the ticketing partner for ICC World Cup 2023, is well-positioned to benefit from the surge in viewership and ticket sales during the tournament.
11. Entertainment Network (India) Ltd
With a V-shaped recovery and promising growth, Entertainment Network (India) is poised to thrive as advertisers look to capitalize on the heightened viewership during the World Cup.
In conclusion, the ICC Men's Cricket World Cup 2023 in India is not just a celebration of cricket but a significant economic opportunity for various businesses. As cricket fever sweeps the nation, these companies stand to gain from increased sales, occupancy rates, and demand for their services. While we can't predict stock prices, keeping an eye on these sectors and their performance during the tournament could offer valuable investment insights. Cricket is more than just a sport in India; it's a financial innings worth watching closely.
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Copper prices saw a modest 0.33% gain, reaching 722 on Thursday, as worries about a slowdown in Chinese manufacturing loomed large. The November's NBS Manufacturing PMI slipped to 49.4, the second consecutive monthly decline, heightened concerns, emphasizing the need for additional government support to fortify China's economic growth. The NBS Non-Manufacturing PMI at 50.2, reflecting the 11th month of service sector expansion, hinted at a softer pace.
- Dec 01, 2023Read More
Our markets started the truncated week on a positive note and it rallied higher throughout the week. The first day of the December month infact witnessed a new record as the Nifty surpassed its previous high and ended in uncharted territory above 20250 with weekly gains of almost two and a half percent.
- Dec 01, 2023Read More