Stocks to Watch in ICC World Cup 2023: Economic Wickets

As cricket season kicks in, it’s time to talk about Stocks to Watch in ICC World Cup 2023. In India cricket is not just a sport, it’s a festival. We’ve heard it said a million times, haven’t we? This time around, there’s something exceptionally special. India is hosting the ICC Men’s Cricket World Cup, and that’s a pretty big deal. Last time we hosted in 2011, we won after waiting for 28 years. It was a really special and proud moment for India.

Fresh from a triumphant sweep against the Sri Lankan team, securing the Asia World 2023 trophy, the Indian team is pumped up with zeal and determination. The matches are set to happen from October 5 to November 19, 2023 which means several positive impacts on the economy. So, what’s the smart move this season? Well, it’s not just about enjoying the matches, it’s about being smart in the stock market too.

Let’s talk about seven stocks to Watch in ICC World Cup 2023.

Impact of ICC World Cup 2019 on the UK Economy: An opportunity for India in 2023

The overall revenue generated from the ICC World Cup 2019 hosted in the UK was approximately ₹3,150 crore (INR). The ICC World Cup 2019, hosted in the UK, left an indelible mark on the country’s economy. Tourist arrivals increased by 5% compared to the same period in the previous year. Hotel occupancy rates rose by an average of 10% in host cities during the tournament. Retail sales in host cities rose by an average of 15% during the tournament. Restaurant and entertainment venue revenues increased by 12%. Approximately £500 million was invested in infrastructure upgrades for the World Cup. The World Cup created an estimated 27,000 temporary jobs in the UK. Advertising and sponsorship revenues for the event exceeded £250 million. Numerous cultural events and initiatives were organized alongside the tournament, fostering international understanding.

Observing these statistics, it’s safe to anticipate a positive economic surge in India as well. In turn, this assures Indian investors of significant benefits.

Also read: G20 Meeting Impact On Stocks: Potential Stock Market Winners

From Stadium to Stock Market: Stocks to Watch in ICC World Cup 2023

Hosting the ICC Cricket World Cup in 2023 can have several positive impacts on the economy of the host country. These sectors are likely to experience varying degrees of impact depending on factors like location, proximity to match venues, and the overall scale of the event: Tourism and Hospitality, Retail and Consumer Goods, Media and Broadcasting, Food and Beverage Industry, Infrastructure and Construction, Transportation and Logistics, Advertising and Marketing, Technology and Digital Platforms.

Stocks to Watch in ICC World Cup 2023

Indian Railway Catering & Tourism Corporation Ltd (IRCTC)

IRCTC was founded in 1999 and is the only organisation permitted by the Indian government to offer packaged drinking water, culinary services, and online railway tickets at Indian train stations and locomotives. IRCTC is a Mini Ratna (Category 1, Central Public Sector Enterprises) organisation. By creating low-cost hotels, unique tour packages, and online ticketing services, the company encourages domestic travel and foreign tourism. It also administers catering and hospitality services at train stations, aboard trains, and other significant areas. With its 8.03 crore+ customers, IRCTC provides a one-stop shop for a wide range of travel and tourism-related goods and services. The company with monopoly powers might experience a surge in bookings, especially towards match venues.

Over the last 30 days, the IRCTC share price is up 2.0%. 6 Months return is 9.33% and over the last one year, IRCTC share price is down 6.0%.

IRCTC is steaming ahead with a market cap of ₹53,072 Cr. In the last year, revenue soared by 87.6% to Rs 3,661.9 Crores. Profits also climbed by 51.6% to Rs 1,005.9 Crores. For the latest quarter, revenue rose by 17.5% YoY to Rs 1,041 Crores. However, net profit dipped slightly by 5.4% to Rs 232.2 Crores.

IRCTC has a debt-free status, boasting a Debt to Equity Ratio of zero. Its Price to Earnings Ratio stands at 53.5, below the sector average of 62.4. IRCTC is on a solid track!

So, whether you’re a cricket fanatic or just someone catching a ride, IRCTC might just add an extra dash of cricket excitement to your journey!

Also read: Driving To Success: Analyzing Tata Motors Share Performance

Indian Hotels Co Ltd

As the ICC World Cup 2023 approaches, get ready for a stay that’s bound to be as memorable as the matches themselves! THE Indian Hotels, known for their legendary hospitality, might just turn this cricket season into a grand slam!

The Tata Group has a 38% share in the business, which belongs to the group. Prior to Marriott, Radisson, ITC, and other significant firms, it is the biggest hotel player in India. In FY23, the firm added 16 new hotels. The hotel chain runs its properties under four primary brands that target various market categories, including the luxury Taj, upper-upscale/upscale Vivanta/Seleqtions, and midscale/lean luxury Ginger sectors. In FY23, Taj’s share of the revenue portfolio was 72%.

Over the last 30 days, the INDIAN HOTELS share price is up 7.3%. 6 Months return is 27.81% and over the last one year, share price is up 24.8%.

INDIAN HOTELS is currently valued at Rs ₹57,704 Cr. Over the past year, they’ve shown impressive growth: revenue rose by 85.2% to Rs 5,948.8 Crores, and net profit skyrocketed by 504.7% to Rs 1,002.6 Crores. In the latest quarter, revenue saw a 15.8% YoY increase, totaling Rs 1,515.7 Crores. Net profit for the same period rose by 30.8% YoY to Rs 222.4 Crores. Financially, INDIAN HOTELS is on solid ground. With a Debt to Equity Ratio of 0.1, they maintain a healthy position. Additionally, their Price to Earnings Ratio stands at 54.7, which is below the sector average of 80.9.

So, whether you’re a cricket aficionado or just seeking a luxurious stay, THE Indian Hotels might just add an extra touch of cricket magic to your experience!

Also read: Top 20 Highest Share Prices In India: Exploring The Market Titans

Jubilant Foodworks Ltd

As the ICC World Cup 2023 gears up, Jubilant FoodWorks, the force behind Domino’s and Dunkin’, is set to ride the cricket wave! The buzz is growing louder with each passing day. We’re started to receive those exciting notifications of Domino’s pizza! Every sixer calls for a celebratory slice! With matches heating up, expect a surge in orders. Domino’s ovens are primed and ready!

Over the last 30 days, the JUBILANT FOODWORKS share price is up 9.4%. 6 Months return is
19.27% and over the last one year, share price is down 15.0%.

Jubilant FoodWorks, currently valued at ₹35,044 Cr, showed a commendable 17.4% rise in annual revenue, totaling Rs 5,208.7 Crores. However, there was a 16% dip in annual net profit, standing at Rs 353.2 Crores. In the recent quarter, revenue saw a 6.3% YoY increase, amounting to Rs 1,343.9 Crores. On the flip side, net profit witnessed a substantial 74.4% YoY decrease, reaching Rs 28.9 Crores. Maintaining a robust Debt to Equity Ratio of 0.1, Jubilant FoodWorks presents a financially healthy profile. The Price to Earnings Ratio, though at 130.1, slightly surpasses the sector average of 80.9

So, whether you’re rooting for India, Pakistan, or simply a cricket lover, Jubilant FoodWorks is here to make sure you’re bowled over – not just by the match, but by the deliciousness on your plate!

Also read: IDFC First Bank Fundamental Analysis: A Must-Read For Investors

Interglobe Aviation Ltd (Indigo) 

The first thing I read in the morning when I opened Inshorts to access important headlines in less than 60 words is: “Flight ticket prices to Ahmedabad jump up to 415% ahead of India-Pak World Cup match” Well, it’s like this: Indigo, SpiceJet, Vistara and others could be riding the cricket wave too. With the frenzy around the match, more fans are looking to fly in, and guess who they might choose? That’s right, our feathered friends at Indigo!

Over the last 30 days, the INDIGO share price is down 3.3%. 6 Months Return is 25.66% and over the last one year, share price is up 24.0%.

The current market capitalization of INTERGLOBE AVIATION (INDIGO) stands at ₹ 90,856 Cr. In the past year, the company’s financial performance has seen impressive growth. Annual revenue surged by 109.6%, reaching Rs 55,881.4 Crores. The net profit also showed substantial improvement, rising by 95% to Rs 305.8 Crores. For the latest quarter, the revenue increased by 29.8% Year over Year (YoY) to Rs 17,160.9 Crores. The net profit for the same period exhibited a remarkable surge of 390.4% YoY, totaling Rs 3,090.6 Crores.

In terms of financial health, the company maintains a healthy Debt to Equity Ratio of -0.4, which indicates a robust financial position. Additionally, the Price to Earnings Ratio stands at 23.6, lower than the sector’s PE ratio of 32.2, which is a positive sign for investors.

One thing’s for sure, the company is in for a wild ride during this cricketing extravaganza!

Also read: Best PSU Stocks In India In 2023: Bulls In Public Sector.

Zomato Ltd

In the list of Stocks to Watch in ICC World Cup 2023, we cannot miss on Zomato. Picture this: You’re glued to your screen, heart pounding with every ball, and suddenly… your stomach growls! Fear not, for Zomato is in the game, ensuring you never miss a moment of the cricketing action. Zomato knows how to hit it out of the park with specially curated cricket combos. Whether it’s a ‘Boundary Burger’ or a ‘Sixer Sizzler’, these deals are bound to score big with your taste buds.

Over the last 30 days, the ZOMATO share price is up 11.3%. 6 months return is 88.49% and over the last one year, share price is up 58.9%.

Right now, Zomato’s market value is a whopping ₹85,915 Crores. Their financials look good too. In the last year, their revenue went up by 65.6%, reaching Rs 7,760.9 Crores. And their net profit? It grew by 19.6% to Rs 971.3 Crores. For the latest quarter, revenue shot up by 70.9% compared to the same time last year, hitting Rs 2,597 Crores. And the net profit? It skyrocketed by 101.1% to Rs 2 Crores.

Financially, Zomato’s in good shape. Their Debt to Equity Ratio is a healthy 0. And though their Price to Earning Ratio is -109.7 (which is a bit unusual), it’s a sign of their unique position in the market. Read the complete Zomato Fundamental Analysis: The Business Buffet

So, fellow cricket enthusiasts, gear up for a season of thrilling matches and delicious bites, all thanks to our food-fueled friend, Zomato Ltd!

BOTTOM LINE

The investing world is very electrified as the ICC World Cup 2023 draws near.
Keep a watch on the sports-related businesses, such as broadcasting and goods, since these may present exciting chances. Consider the economic advantages for India, the host nation, as well.

Disclaimer

The blog is meant for informational purposes and serves the general analysis of the stocks. Contents provided here are based on careful research and analysis utilizing the fundamental and technical indicators over a period of time. The post does not consist any direct recommendation about Investing or trading in the securities market. Thorough research and careful consideration are necessary for individuals to fulfill their personal responsibility in making financial decisions. Seeking professional advice before making any financial decisions is always advisable.