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Only two days are left for the ICC World Cup to start. Due to this, many companies can provide quick income to common investors, which includes companies making cold drinks from airlines.
India is hosting the ICC Cricket World Cup this year. It is going to start from 5th October. This is the first time that India is organizing the World Cup alone. This is going to impact the business of many sectors and companies here. This includes hotels, airlines, restaurants and travel companies, and their investors can earn huge income.
During the World Cup, demand for products from hotels, restaurants, travel and airlines companies will increase. There are many companies listed in the stock market whose investors can get good benefits due to the profits made by the companies during the World Cup.
These sectors will benefit more
During the World Cup, a good demand can be seen in the quick service restaurant segment. Gaurang Shah, Senior Vice President of Geojit Financial Services, says that the hotel and hospitality sector is bullish at present. Also, due to increase in travelling, the airlines industry can also get significant benefits. Growth is expected in all these segments due to the G20 Summit and the subsequent events.
Gaurang says that with the start of the festive season as well as the Cricket World Cup and then the wedding season, all these sectors are going to benefit in the long run. Therefore, shares of these companies can perform well.
Stocks of these companies will do wonders
If we look at the companies in these sectors, Indian Hotels, Lemon Tree Hotels, the companies running 'Taj' brand hotels, will benefit a lot. Apart from this, in the quick service restaurant segment, shares of Westlife Food World, Jubilant Foodworks, Restaurant Brands Asia etc. can be monitored. At the same time, shares of Pepsi bottling company Varun Beverages can also do wonders.
Keep an eye on the shares of IndiGo and IRCTC in the travel segment. Due to increase in travel, the revenue of both these companies is expected to increase in the current quarter. Apart from this, you can also focus on shares of companies making electric components.
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