The IPL (Indian Premier League) season is back, and so is people’s josh. The IPL begins on March 22nd, Friday. The tournament will start on March 22 and end on May 26. It will be played across 10 different venues. 10 metropolitan cities in India, including Chennai, Chandigarh, Kolkata, Jaipur, Ahmedabad, Bengaluru, Hyderabad, Lucknow, Visakhapatnam, and Mumbai. Here are 5 stocks that will give you sixers in their returns.
Stocks That You Can Buy During IPL
Interglobe Aviation
Since the IPL will be held across India, Indigo is expected to play a significant role in transporting staff, players, and others involved in the tournament. The stock performs well during the IPL season. Last year, the stock rose by 28% from the start of the IPL.
TV18 Broadcast
TV18 Broadcast is a part of the Reliance Group, which manages channels and other media platforms. Jio Cinema OTT streaming service also comes under it. Last year, the chairman of Reliance, Mukesh Ambani, secured the rights to stream IPL matches. The stock has had mixed performance recently, but overall, it has shown good growth over the past year. Last time, during the IPL TV 18 broadcast, it was up by 21%.
Indian Hotels, Trident, and Taj GVK Hotels
These companies will be mostly responsible for providing accommodation and hospitality services in the cities IPL will play in. Recently, their stock prices haven’t been doing well, but IPL holds the potential to change it all.
Last time, these companies were up by
- IPL Indian Hotels Company Ltd. (17%)
- Trident Ltd. . (24%),
- TAJ GVK Hotels and Resorts Ltd. (24%)
Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions.TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions.
