World Cup 2023: Investors eye these stocks and sectors for big returns

Join whatsapp group Join Now

Join Telegram group Join Now

The ICC World Cup 2023, which kicked off last week and will conclude with the final match on November 19, 2023, is set to have a significant impact on various sectors, according to experts. This quadrennial One Day International (ODI) cricket tournament, spanning nearly one and a half months, will cover almost half of Q3FY24.

Market analysts anticipate that the ICC World Cup 2023 will bring benefits to companies in the travel and tourism, hotel, quick-service restaurant (QSR), and brewery sectors. Companies within these segments are expected to see increased business opportunities as a result of the cricket World Cup, making them attractive options for short-term investors.

Siddhartha Khemka, Head of Retail Research at Motilal Oswal, expressed his views on the potential impact of the World Cup on these sectors, stating, “The World Cup 2023 began in India last week, and it is expected to have a positive impact on various sectors like Travel & Tourism, Hotels, Consumers, and QSR, which are likely to remain in momentum.”

In light of the ICC World Cup 2023, experts recommend considering stocks from companies such as LemonTree, Indian Hotel Company, United Spirits, or McDowell-N, among others, as potential investment opportunities.

Avinash Gorakshkar, Head of Research at Profitmart Securities, emphasized the role of host nations benefiting from local and international sports tourism during major sporting events like the cricket World Cup. Fans typically follow their teams’ schedules and make bookings for hotels, flights, and transportation accordingly. They also tend to spend on brewery and eateries, creating potential investment opportunities for short-term investors.

In the hotel segment, Indian Hotels and Lemon Tree are suggested as potential options. For those interested in the brewery sector, United Breweries, McDowell-N, and Radico Khaitan are considered promising bets for short-term investments. Additionally, investors looking at QSR stocks can explore options such as Devyani International and Barbeque-Nation Hospitality.

As the ICC World Cup 2023 unfolds, investors are keeping a close watch on these sectors for potential growth and profit opportunities.

Read this also :

It is a request to all of you, if you invest in the stock market, then it should be kept in mind that if you do not understand the business of a company and you do not understand the business of a company, then on the plan to invest in the business which you understand. If you invest, you may also face loss and you want to understand the business of the company, then in the coming time, we are going to bring the business model of all the companies on our website, so stay connected with our website and our WhatsApp You can also join the group
Disclaimer : Dear valued viewers, I would like to remind you that I am not authorized by SEBI (Securities and Exchange Board of India) to provide any financial advice or recommendations. The information and updates shared on this website are intended for educational and informational purposes only and should not be construed as investment advice, stock recommendations, or financial guidance. As much as I would love to, I cannot be held responsible for any financial losses that you may incur based on the information shared on this website. However, I am here to share timely updates on the stock market, cryptocurrencies, and financial products with a human touch, in the hope of helping you make informed investment decisions

Rate this post

Leave a Reply Cancel reply