new Delhi. The shares of IPL franchise Chennai Super Kings (CSK) are roaring in exactly the same way as the cricketers of this team roar in the field. This franchise continues to be a hot-spot for investors, as it has given 25% returns in the last one year in the primary market. At present, the shares of CSK are being traded in the range of Rs 200-205, while its share price last year was Rs 160-165. Talking about the valuation of the franchise, it has also increased to Rs 6,300 crore.
It should not come as a surprise to you that the big market bulls of the country are sitting with their stake in this stock. One of these is Radhakishan Damani, who is said to be the guru of Big Bull Rakesh Jhunjhunwala.
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Big profit expected from IPO
According to a report in Economics Times, Rahul Thalia, Director, Surfin Financial Advisors said, “Chennai Super Kings has shown a great uptrend ahead of the IPL season. It is expected that the profit of this franchise will increase. He also said that since this other sports activities franchise is not available for commerce or trading, investors are expecting big profits from its IPO.
Experts say that CSK is a good opportunity for traders, as its price-earning ratio (PE Ratio) is better than that of international sports activities franchises. It continues to grow its revenue from merchandise sales, royalties and sponsorships and has the potential to continue to generate huge money-flows in the future as well.
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Because of this CSK is favorite
Tushar Bopche, Co-Founder, BrainStation India said, “After the pandemic, people are taking interest in sports and online gaming with the culture of work from home.” “This has led to an increase in the prices of CSK. Super Kings has been the team that has played the most number of playoffs (11) and final (9) times. Super Kings have won the IPL title 4 times (2010, 2011, 2018, and 2021).
The total number of CSK shares is estimated to be 308 million, of which only about 5-7% are stocks that people buy and sell. Such liquidity opens avenues for additional secondary market transactions on these unlisted shares.
Tags: csk, IPL, IPO
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