Winning Bizness Desk
Mumbai. The recently concluded World Cup has not only showered money on players and teams, but few companies have also benefited greatly. There were some companies whose shares rose by 17 percent from the beginning to the end of the World Cup resulting in a market cap of the companies from Rs 650 crore to Rs 15000 crore. These companies range from food delivery to liquor, hotels and airlines. Many companies have made themselves rich by taking advantage of the World Cup and have also made huge profits for investors.
Zomato's made moolah
Food delivery companies made moolah during the World Cup. Shares of Zomato company continued to trend higher due to record orders. On October 4, the company's share price was Rs 100.75 and the company's market cap was Rs 87,762.47 crore. Shares of the company fell to Rs 118.10 on November 20 after the World Cup final. The market cap of the company also reached Rs 1,02,875.91 crore. That is, the shares of the company have increased by 17.22 percent during this period. The market cap of the company has increased by Rs 15,113.44 crore. However, the company's shares hit a 52-week high of Rs 126.10 on November 7.
Shares of Indigo also went up
Shares of IndiGo, the largest airline company, also went up as this airliner saw huge surge in air tickets for matches in different cities and cities where India played. On October 4, the company's share price was Rs 2,383.80 and its market cap was Rs 92,001.60 crore. After the final round, on November 20, the company's share fell to Rs 2,630.50 and the market catch reached Rs 1 lakh crore, ie Rs 1,01,522.86 crore. Shares of the company saw a gain of 10.34 percent during the period and the company's market cap increased by Rs 9,521.26 crore.
United Spirits also joined the bandwagon
Shares of liquor company United Spirits also rose and during the world cup, the company's shares increased by 7.50 percent and the company's market cap went up to Rs 5,375.13 crore. On October 4, the company's share price was Rs 985.75 and the market cap was Rs 71,698.60 crore. Shares of the company had fallen to Rs 1,059.65 when the market opened after the finals, taking the market cap to Rs 77,073.73 crore.
20 percent growth in Radico Khaitan
Another liquor stock, Radico Khaitan, also rose significantly during the World Cup. According to BSE data, Radico Khaitan's share price was Rs 1,193.25 on October 4 and the market cap was Rs 15,954.66 crore. After the final, i.e. on November 20, the company's share fell to Rs 1,433.40. The market cap of the company reached Rs 19,165.65 crore. This means that the shares of the company have increased by 20.12 percent and the market cap of the company has increased by Rs 3,210.99 crore.
Shares of Indian hotels also rose
There was a significant increase in hotel rents during the World Cup. Be it India Pakistan, or the semi-final match followed by the final match played in Ahmedabad. The rent of hotels in these cities had increased manifold. Due to this, the shares of the companies increased. On October 4, Indian Hotels had a share price of Rs 406.85 crore and a market cap of Rs 57,788.98 crore. On November 20, the company's shares traded at Rs 419.55 and the market cap stood at Rs 59,592.89 crore. That is, the shares of the company have increased by 3.12 percent during this period. The market cap saw an increase of Rs 1,803.91 crore.