These days, the tremendous power of Chennai Super Kings i.e. CSK is being seen in the unlisted market. In recent times, its shares have made a sharp jump of about 25%, due to which the interest of investors has suddenly increased. The special thing is that this rise has not come due to any one reason, but due to the effect of big deals related to IPL.
The recent deals of Royal Challengers Bangalore and Rajasthan Royals (RR) have created a stir in the entire IPL ecosystem. The buying and selling of these teams at high prices has also given a new direction to the valuation of other teams. CSK seems to be getting direct benefit from this. According to Mint report, CSK shares fell 25 percent in the unlisted market.
market trend
Investors believe that the real value of an old and successful team like CSK has not yet been fully revealed. This is the reason why the demand for its shares is increasing rapidly in the unlisted market. According to market experts, the valuation of CSK can go equal to or even above that of RCB, due to which investors are expecting further profits. The effect of this enthusiasm is not limited to CSK only. There has also been a rise in the shares of other companies related to IPL. For example, stocks like Sun TV Network and RPSG Ventures have also registered good gains. It is clear that investors have now started seeing IPL not just as a game but as a strong business opportunity.
share prices
Another big change is being seen in the market that now instead of individual owners, big companies and global investors are showing interest in IPL teams. This means that IPL franchises are no longer a hobby investment but a serious financial asset. If we talk about the current price of CSK, its shares are trading around Rs 315 in the unlisted market. With this, the estimated market value of the company comes to around Rs 11,000 crore. Interestingly, despite less supply, its demand remains strong, which indicates further growth.
Another important aspect is that CSK is one of the few IPL teams whose shares are actively traded in the unlisted market. After its separation from India Cements in 2015, the company gave shares to investors, which created a separate trading market for it. Experts believe that deals like RCB and RR have created a new benchmark for pricing IPL teams. This trend may become stronger in the coming time, due to which the shares of established teams like CSK may see further rise.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsh advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
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