Winning Bizness Desk

Mumbai. Chennai Super Kings (CSK), led by MS Dhoni, are experiencing a downturn both on and off the field. The team's unlisted shares have declined by 17% from their 2022 peak of ₹235, now trading at ₹195 in the grey market. This drop mirrors CSK's recent performance in the IPL, where they currently sit at the bottom of the points table. The franchise's market capitalization has also decreased from ₹8,915 crore to ₹7,398 crore. Analysts suggest that a win in their upcoming match could potentially boost investor confidence and share prices.

RCB's Strong Performance Boosts United Spirits' Profits

In contrast, Royal Challengers Bangalore (RCB) are enjoying success both on the field and financially. Owned by United Spirits, RCB's impressive performance has contributed to a 163% increase in revenue, reaching ₹650 crore in the 2023-24 fiscal year. This surge has led to a net profit of ₹222 crore, accounting for 16% of United Spirits' total net profit. The growth is attributed to increased central rights income from the BCCI and successful brand management.

Mumbai Indians' Performance Reflects in Reliance Industries' Shares

Mumbai Indians, owned by Reliance Industries Limited (RIL), have had a mixed season. Despite a recent victory against Sunrisers Hyderabad, the team's overall performance has been underwhelming, currently placing them seventh in the standings. Consequently, RIL's share price has remained relatively stagnant since the tournament began on March 22, 2025. The company's market capitalization stands at ₹17.24 lakh crore.

Grey Market Dynamics and Investor Sentiment

The grey market, where unlisted shares like those of CSK are traded, is highly sensitive to team performances. CSK's shares, which once peaked at ₹235, have seen significant fluctuations based on the team's success or failure in the IPL. Investors closely monitor on-field results, making the grey market a volatile environment influenced by sporting outcomes.

Looking Ahead: The Financial Implications of IPL Performances

As the IPL progresses, the financial fortunes of franchise owners continue to be closely tied to their teams' performances. A turnaround in CSK's on-field results could rejuvenate investor interest and share prices. Meanwhile, sustained success for teams like RCB could further enhance the financial standing of their parent companies. The interplay between sports and finance remains a compelling aspect of the IPL's broader impact.