How IPL Impact on Stock Market India 2024

TV18 is going to benefit from the IPL as the broadcasting rights play a pivotal role in bringing the action of the match to real life. As a subsidiary of Network18, they’ll likely see a lot of viewers tuning in.

Network18, owned by Reliance, along with Jio Cinema, is the streaming partner for IPL. With more people watching IPL, Network18 will gain popularity and earn more money from advertising.

Sunfeast, a brand owned by ITC Ltd., has become the Official Partner of RCB for IPL 2024. They have planned various activities, including TV commercials and customer-centric contests, to make the most of this partnership and engage the audience.

HUL

During the sports season, people enjoy having tea and coffee while watching IPL. HUL, one of the biggest consumer staples companies in India, will directly benefit from this trend. The company owns several famous tea and coffee brands.

During the summer season and IPL, Varun Beverages’ shares are expected to rise. Pepsi and other beverages offered by the company are the most consumed beverages during IPL matches and in the summers.

IPL tournaments are hosted in various cities across India, leading to a surge in hotel bookings. Indian Hotels, part of the Tata Group and owning many reputable hotels in India

When people attend IPL matches, they often need to book flights, buses, and hotels. Easy My Trip, a company that facilitates such bookings, stands to benefit from this increased demand, leading to higher profits and share prices.

This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.