While this may seem like an unlikely way to make money, investing in equities that will profit from the big investment of the ICC Cricket World Cup, which will run for the next 1.5 months, is a very real possibility.
Speculative cricket mania
On October 14, 2023, India and Pakistan will face off in Ahmedabad for a spot in the final of the ICC Cricket World Cup. Some fortunate fans have secured tickets to this game. Cricket enthusiasts from all across the nation and the globe are expected to descend on Ahmedabad for this contest. Which is why the hotel industry in Ahmedabad has turned into a lottery. Since there is now no availability, hotel room rates have risen dramatically. In other places around the nation where games will be played, the scenario is the same.
Those who can’t make it to the stadium will still have a great time watching the game at home. Pizza burger, online food delivery, and QSR (Quick Service Restaurant) businesses might see a significant uptick in sales under these conditions. The stocks of these businesses have been affected.
The Hotel Industry’s Platinum
In this case, allow us to inform you of the stocks that you need to be monitoring throughout the ICC Cricket World Cup. Let’s start with hotel stock discussion. Indian Hotels under the Taj by Tata Group umbrella may be monitored. On Tuesday, October 3, 2023, the price of this stock was Rs 412.45, up 0.33 percent from the previous trading day.
EIH is also a top hotel chain, with shares now selling at Rs 229, up 2.60 percent from their all-time low. The stock price of rapidly expanding firm Lemon Tree Hotels has risen to Rs 116.50, a 2.28 percent increase from its opening price. The hotel business lost a lot of money because of the Corona virus. Because of this, they were down to almost nothing in stock. However, these firms’ stock prices have returned several times their initial investment for early investors.
Profits for QSR establishments
Keep a watch on quick-service restaurant (QSR) inventories throughout the ICC Cricket World Cup. Jubilant Foodworks, parent company of the Domino’s Pizza brand, is a top stock among quick-service restaurants (QSRs), up 1.45 percent today to Rs 540.80. Stock of Westlife Foodworks, which sells hamburgers under the McDonald’s trademark, is up 3.79 percent to Rs 969 as the World Cup nears.
Burger King’s parent company, Restaurant Brands Asia, has seen its stock price rise to Rs 124.80. Devyani International, owner of KFC and Pizza Hut franchises, might potentially gain from the World Cup, with its share price rising to Rs 218 (1.94 percent) on the news. The company’s shares are now trading at Rs 1420.45 and it owns KFC and Pizza Hut franchisees.
Zomato has received positive reviews from brokerages.
It would be silly to overlook Zomato, the online meal delivery service responsible for making these deliveries to people’s homes. The price of Zomato shares has risen 3.69 percent today, to Rs 105.25. The ICC Cricket World Cup is also a boon for Zomato. Zomato stock has been recommended as an investment by various brokerages as of late. However, since that low point, the stock price has doubled.
