July 23, 2024
cricket world cup stock

ICC World Cup May Wing in Share Market: Investors can get 50% more profit

 

ICC Men’s Cricket World Cup 2023: Everything you need to know

ICC World Cup is starting today 5 October. This is the first time when India is going to host the World Cup individually. This is the point of trust in India. So, this will send a special message to foreign investors and businesses man and that’s why there is a great possibility of a high growth in the share market.

There are many sectors where we can see growth. For example: Food, hotel and travel…

ICC World Cup can cause growth in these sectors:

According to vice president of JFS Gaurang Shah: QSR sector may have growth. But hospitality and hotal sector may have much growth. He said this growth is not only because of G20 and World Cup but there’s many events held in India in last six month.

He said after World Cup there is festive season that’s why travel, hospitality and hotle sector may have to see high growth.


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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 Food world 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 Food Works 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.


READ ALSO | The Indian Cricket Team: A Force to Reckon With

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 Share may have high growth because of ICC Cricket World Cup 2023.

cricket world cup stock

DISCLAIME: This is just information. Always take expert suggestion before any kind of investment.

 

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