Stocks For Cricket ICC World Cup 2023: The ICC Cricket World Cup has started today from 5th October. This is the first time that India is organizing the Cricket World Cup alone. According to experts, when a country organizes a big sports event like the Cricket World Cup, it has a positive impact on the shares of many sectors and companies of that country. In such a situation, this Cricket World Cup can also be an earning opportunity for stock market investors. There are many sectors like food and beverages, hotels and travel which can benefit from this World Cup.
These sectors can benefit from ICC World Cup 2023
Gaurang Shah, Senior Vice President, Geojit Financial Services, said, “We are positive about the QSR i.e. Quick Service Restaurants segment. We also have expectations from the aviation sectors. But the biggest growth is expected in the hospitality and hotel sector. Behind this, only G-20 or Cricket World Cup is not the only reason. There are many big opportunities in the next 6-8 months from which the sector can benefit.”
He said, “After the Cricket World Cup, there is the festive season. Then there is the Christmas and New Year festival, when a large number of people go out for travelling. In such a situation, we see the prospects for the hotel and hospitality sector being very strong.”
hospitality
With the increase in tourism and arrival of cricket fans from all over the world to India, the demand for the entire hospitality sector including hotels, restaurants and travel companies will increase. Here, shares of companies like Indian Hotels Company Limited or Lemon Tree Hotels can benefit. Analysts at Motilal Oswal said that the trend of travel has increased in recent years and it is expected to accelerate further due to big events like Cricket World Cup. Due to this, the demand for hotels is going to increase in the coming days.
Motilal Oswal has maintained its ‘Buy’ rating on Indian Hotels Company stock with a target price of Rs 490. It has also maintained its ‘Buy’ rating on Lemon Tree Hotels with a target price of Rs 135. Sharekhan analysts also see a rise of up to 18 percent in the shares of Lemon Tree Hotels.
Focus on Westlife Foodworld among QSR stocks
Like the hotel industry, the retail food industry is also expected to benefit greatly from the Cricket World Cup. While fans will come to watch the matches of their favorite teams, it is obvious that they will also spend on food items. Especially sales of quick service restaurants may increase this quarter. Brokerage firm Nirmal Bang is positive about Westlife Foodworld in this sector and has advised to buy it with a target price of Rs 1,030.
Nirmal Bang is cautious about other companies in this sector like Jubilant FoodWorks and Restaurant Brands Asia because there is a weak trend in their sales. While giving ‘Add’ rating to both these shares, he has given them a target price of Rs 520 and Rs 115 respectively.
Transportation related stocks: Indigo, IRCTC
According to a report by Jefferies, Interglobe Aviation Limited, the company that runs the airline by the name of Indigo, is also expected to benefit from the World Cup. Flight fares to many cities have increased by up to 80 percent on match days. At the same time, the average rates of selected hotels have increased by 150 percent. Indigo is the largest airline in the country. It occupies about 63 percent market share. In such a situation, he is going to get the maximum benefit from the increase in flight fares. Indigo’s shares have increased by 36% in the last one year and if Motilal Oswal is to be believed, it may rise further.
Apart from hotel, another option of travel is train. IRCTC has dominance here. From online train tickets to food and drinks during the journey, the company provides everything to the passengers. Besides, it also provides services related to tourism. IRCTC’s share price has jumped 20 per cent in the last six months, and according to Motilal Oswal, further upside is expected in the next two to four months.
These 5 stocks can benefit from Cricket World Cup, can give returns up to 48%-
Varun Beverages is looking great in beverages stock.
People often like to drink soft drinks while watching the match. In such a situation, their sales may increase during the World Cup. Varun Beverages, the company that distributes beverages of PepsiCo company, can get benefit here. Brokerage says that Varun Beverages share price has increased by about 43 percent so far this year and it may increase further.
Which other sectors can be kept an eye on?
With the World Cup, the demand for team jerseys, related accessories and cricket-related apparel often increases. Companies related to sports apparel and merchandise can also benefit. Logistics and transportation companies can benefit from the increase in transportation of people and goods. Investors may consider shares in logistics companies or transportation companies. Sales of large-screen televisions, sound systems, and other consumer electronics often increase during sporting events. Companies in this sector may benefit.
Disclaimer: The views and investment advice given by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to consult certified experts before taking any investment decision.
