Top Stocks to Benefit from IPL 2024

Stocks to Benefit from IPL 2024

The Indian Premier League (IPL), a cricket extravaganza, not only captivates cricket enthusiasts but also presents lucrative investment opportunities in the stock market. As IPL 2024 is already live, investors are keen to identify stocks that stand to gain from this mega event. Let’s explore the top stocks poised to benefit from IPL 2024.

Overview

The Indian stock market has witnessed overall bullish growth, reaching a 52-week high stocks as of April 10, 2024. With IPL in full swing, here are the stocks to watch during this exciting season.

Best Stocks to Benefit from IPL

S.no	Stocks Name	Market Capitalization(in Cr)	P/E Ratio	5 Years Returns (%)
1.	Tata Investment	34,547	100.2	702.32
2.	Reliance Industries	19,90,318.6	28.45	120.62
3.	Network18	9,190.11	NA	159.17
4.	BalKrishna Industries	45,273.9	36.38	147.62
5.	Ceat Tyres	10,004.1	14.98	126.97
6.	Astral Pipes	52,222.43	91.59	166.39

1. Tata Investment

• Tata Group, the main sponsor of IPL from 2024 to 2028, has secured the title rights for these five years at a record-breaking sum of Rs 2500 crore.
• As Tata Group’s association with IPL unfolds, Tata Investment (being part of the Tata Group) becomes a top pick for investors during IPL 2024.

2. Reliance Industries

• Reliance Industries, after the Reliance-Disney merger, holds rights over Disney’s TV channels, including Star Sports.
• With streaming services like Jio-TV and Jio-cinema, Reliance is well-positioned to benefit from IPL broadcasting rights.

3. Network18

• As a subsidiary of Reliance Industries, Network18 is the streaming partner for IPL through Jio Cinema.
• Increased viewership during IPL translates to higher advertising revenue for Network18.

4. BalKrishna Industries (BKT)

• BKT, a Mumbai-based multinational tire manufacturing company, is the principal partner of Kolkata Knight Riders (KKR).
• BKT’s logo prominently featured on KKR’s shirts during IPL 2024 provides excellent brand visibility.

5. Ceat Tyres

• Ceat Tyres has been selected as an official partner to sponsor certain segments of IPL matches.
• The brand’s advertisements during IPL broadcasts contribute to its attractiveness as an investment.

6. Astral Pipes

• Astral Pipes partners with IPL teams such as Mumbai Indians, Chennai Super Kings, Gujarat Titans, Punjab Kings, and Lucknow Super Giants.

Hospitality and Tourism Stocks

S.no	Stocks Name	Market Capitalization(in Cr)	P/E Ratio	5 Years Returns (%)
1.	Indian Hotels	84,929.08	72.62	299.95
2.	Easy My Trip	7,761.5	51.74	-57.98

1. Indian Hotels

• As IPL matches are hosted across India, Indian Hotels, part of the Tata Group, stands to benefit from increased hotel bookings.
• The surge in demand during the IPL season positively influences the company’s stock performance.

2. Easy My Trip

• Easy My Trip facilitates travel bookings, including flights and hotels, catering to IPL attendees.
• An anticipated rise in travel demand could translate into higher profits for the company and bolster its stock value.

Read more: Hotel Stocks in India

Consumer Staples Stocks

S.no	Stocks Name	Market Capitalization(in Cr)	P/E Ratio	5 Years Returns (%)
1.	ITC	5,30,351	25.85	40.74
2.	Hindustan Unilever Limited	5,24,487.5	50.83	28.26

1. ITC

• ITC’s brand Sunfeast associates with Royal Challengers Bangalore (RCB) for IPL 2024. Enhanced brand visibility during IPL is expected to drive consumer engagement and positively impact ITC’s stock.

2. Hindustan Unilever Limited (HUL)

• With consumers indulging in beverages like tea and coffee while enjoying IPL matches, HUL’s renowned brands stand to benefit.
• Increased consumption during the sporting season bodes well for HUL’s market position and stock performance.

Beverages Stocks

1. Varun Beverages

• Varun Beverages, known for popular beverages like Pepsi, sees higher consumption during IPL matches and the summer season. Advertisement exposure during IPL broadcasts could drive up the company’s stock value.

S.no	Stocks Name	Market Capitalization(in Cr)	P/E Ratio	5 Years Returns (%)
1.	Varun Beverages	1,81,344.8	88.21	467.52

Conclusion

IPL 2024 presents a unique investment landscape, with stocks across various sectors poised to benefit. Investors should closely monitor these opportunities and make informed decisions based on their risk appetite and investment goals.

Read more: Stocks Bought by Mutual Funds

Disclaimer: This is for general information and education purposes only. The Securities quoted (if any) are for illustration only and are not recommendatory. Past performance does not guarantee any future returns. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. For more details/disclosures, visit at www.univest.in/univest mobile application.