India is hosting the ICC Cricket World Cup 2023 this year in 10 different cities. The World Cup has a huge fan base globally, with viewership crossing 500+ million just in India.
India vs Pakistan was among the most-watched matches in the 2019 World Cup. With an online viewership of more than 545 million in India alone, one can only imagine the craze and demand of watching it live in stadiums! [Source: ICC]
All of this buzz is also reflected in the stock market. Fans from all over the country are expected to witness the most-awaited match LIVE! With this, these are a few sectors that could move positively. The impact of the World Cup will be more evident in Q3 results.
Stock Market Sectors to Look Out for During India vs Pakistan 2023 World Cup
Aviation & Railway Stocks
Stocks from the aviation sector may see a spike during the India vs Pakistan World Cup match, as fans from all over India are expected to visit the stadium at Ahmedabad to witness this first-hand. The airline prices are expected to increase during this and all other matches due to high craze and demand.
Hospitality Sector Stocks
With an expected occupancy rate of 100%, stocks from this sector could also increase during the Ind vs Pak match. The hotel rates are already said to have increased by 150% since the World Cup Commenced on Oct 5, 2023. [Source: ZeeBiz]
Food Stocks
Food delivery app & QSR stocks could benefit during the World Cup. Not only is the offline viewership high, but the online viewership is also expected to be in the millions during India vs Pakistan World Cup match. Thus, the demand for restaurants and food delivery apps may increase, considering Indians and their love for Cricket.
Remember, not all things remain the same, and market ups and downs are part of investing. How you invest, your financial plan, and the fundamentally solid businesses you’ve picked to invest in do not change. Invest only after thorough research.
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