Top Stocks To Benefit Before ICC World Cup 2023, Says Motilal Oswal

Cricket is not just a sport but a religion in India. Almost everyone follows it passionately with the game being played in every nook and corner of the country. However, one thing that has evaded us for the last 10 years is an International Cricket Council (ICC) trophy.

India last won the World Cup in 2011 and the Champions Trophy in 2013, both under the leadership of Mahendra Singh Dhoni.

As the ICC Cricket World Cup returns to India after 12 years, the home team would look to repeat their heroics of 2011 and become just the second country after Australia to win more than two ODI World Cups.

For stock market investors, the upcoming World Cup presents an excellent opportunity as the shares of some companies are poised to benefit from this quadrennial event.

Below Are A Few Stock That Will Benefit From World Cup

1. The Indian Hotels Company

One sector that can benefit immensely from the upcoming World Cup is the hospitality sector. The tournament will be held across 10 cities: Chennai, Ahmedabad, Mumbai, Bengaluru, Delhi, Kolkata, Lucknow, Dharamshala, Hyderabad, and Pune. Fans are expected to throng these cities in huge numbers once the tournament starts.

Most hotels are expecting a 100% occupancy during October-November. Besides the World Cup, these months will also witness the festival holidays. The Indian Hotels Company, which provides management services to various hotel chains, including Taj, Vivanta, Ginger, The Gateway, SeleQtions, and Trails, is expected to churn a good profit.

2. Jubilant FoodWorks

Like the hotel industry, another sector poised to benefit from the upcoming ICC World Cup and the festive season is the retail food industry. It's a given that fans who would come to watch their favourite teams lock horns for the cup will spend quite a lot on food.

Jubilant FoodWorks Limited is a retail food-based company that sells ready-to-eat food through some well-known domestic and international brands. The international brands under the company include Domino's, Dunkin' Donuts, and Popeyes. The home-grown brands include Hong's Kitchen and Ekdum, among others.

3. Interglobe Aviation

Like the food and hotel industries, aviation is expected to benefit considerably from the upcoming Cricket World Cup in India. Interglobe Aviation Limited, popularly known as IndiGo, offers air transportation, pre-flight and post-flight cargo handling, and other allied services at several Indian and international airports.

The company enjoys a giant market share of 63.2% (as of June 2023) in the Indian aviation sector.

4. IRCTC

Not everyone can afford to travel through flights in India. So, the only feasible option for them is Indian Railways. It manages the fourth-largest railway network in the world.

IRCTC is a mini-ratna public-sector company that offers internet ticketing, catering, and tourism services exclusively to passengers travelling via Indian Railways. Under the tourism and ticketing business, it provides domestic holiday packages, payment gateway, and e-wallet services. The company also offers budget accommodation through Rail Yatri Niwas and BNR Hotels.

The upcoming cricket World Cup in India offers an excellent opportunity for the home team to end their ICC trophy drought of over ten years. It also allows stock market investors to profit significantly from the above-mentioned shares.