IPL sponsors become hot-ticket stocks

There is no denying that cricket as a sport in India sets the cash registers ringing. Anticipating a similar rub-off effect on corporates, equity analysts have begun advising investors to buy shares of companies that are sponsoring the Indian Premier League (IPL).

According to analysts, companies like India Cements, GMR Infrastructure and United Breweries are likely to make good money out of the Twenty20 extravaganza. According to analysts, India Cements is one of the best picks as far as profits from IPL goes. “The company is likely to earn a turnover of Rs 3 billion from IPL in the next three-four years,” an analyst said.

Shares of India Cements ended 4.6% lower at Rs 184 on Wednesday. The stock is up nearly 4% over the past one week. United Breweries closed 0.7% higher at Rs 192 while GMR Infrastructure ended a tad lower at Rs 161 on the BSE. Both United Breweries and GMR Infrastructure have appreciated in the range of 7.5 to 8% over the past one week.