The Indian market this year has seen overall bullish growth, i.e. it has seen a 52-week high of Rs 75,038.15 with a previous close of Rs 74,683.70 as of April 10, 2024, on the Bombay Stock Exchange (BSE). As of April 10, the Indian Market is on the positive side and is expected to remain positive.

The Indian Premier League (IPL) has started, and investors are looking forward to grooming themselves for the Indian Stocks to invest in. Here are the top 10 stocks at a glance where you can invest in this summer of 16th IPL in 2024 in India.

Tata Investment

Tata Group is the main sponsor of the Indian Premier League from 2024 to 2028. Tata Group has secured the title rights for these five years and its association with IPL would cost Tata Group a record-breaking sum of Rs 2500 crore.

 Its advertisements and publicity would be held during the IPL matches. These two factors make the Tata Investment stock (being a part of the Tata Group) the top pick to invest in during IPL 2024 in India.

Reliance Industries

Streamlined with OTT mediums such as Jio-TV and Jio-cinema to watch the match. Additionally, after the Reliance-Disney merger, Reliance also has the rights over Disney’s TV channels, such as Star Sports, sports 18, etc.

Mr Mukesh Ambani won the rights for IPL in 2022 for USD 2.6 billion. He further made the services free on its streaming platforms. Thus, this makes it the second handiest stock to invest in during IPL 2024 in India.

Network 18

This media conglomerate is a subsidiary of Reliance Industries and has won linear and digital rights in an e-auction in September 2023. The listed stock Network18 Media & Investments Limited thus will give exposure to IPL through its channels.

Hence, the IPL stock market prediction says that this is also a lucrative stock to invest in during the IPL 2024 season in India.

BalKrishna Industries

BalKrishna Industries Limited (BKT) is a Mumbai-based multi-national tyre manufacturing company. They specialize in off-highway tyres. The company’s speciality is off-highway tyres for mining, earthmoving, agriculture, and gardening vehicles that can handle demanding terrains.

In IPL 2024, Kolkata Knight Riders (KKR) have confirmed BKT as their principal partnership. The BKT logo will be featured on the shirt’s backs of the team players and officials of KKR. This will give good visibility and exposure to the brand, making BKT a stock to invest in this season of IPL 2024.

Ceat Tyres

Ceat Tyres, a tyre manufacturer has been selected as an official partner to sponsor certain segments of IPL matches in 2024. The Board of Control for Cricket in India has announced this for Ceat tyres for an aggregate expenditure of about Rs 240 crore over five years.

Further, the brand’s advertisements would be done during the matches in IPL 2024. This makes the stock of Ceat Limited another attractive stock to invest in IPL 2024.

Astral Pipes

Astral Pipes partners with IPL teams, such as the Mumbai Indians, Chennai Super Kings, Gujarat Titans, Punjab Kings, and Lucknow Super Giants. Additionally, Astral Pipes has been named the official partner of Lucknow Super Giants (LSG).

These partnerships will help create a unique platform where the audience can connect across the country with the brand. Further, it will help to display advertisements for the brand during the cricket matches in IPL 2024. Thus, the stock of Astral Limited is a desirable stock to invest in during this IPL season. 

KEI Industries

KEI Industries is a cable manufacturer and has been involved in IPL since 2023 as a Principal Partner with its strategic association with Royal Challengers Bangalore (RCB) for three years. This deal takes care of the logo of KEI, which is to be printed on the back side of the shirts of the players and official team members of RCB.

This will create brand awareness of the company and allow KEI Industries to connect with the audience. This makes the stock of KEI Industries Limited one of the most likely to invest during IPL 2024.

Varun Beverages

Varun Beverages Limited is the only franchise manufacturer of the US brand Pepsi in India. Other brands included under the Varun Beverages are Mountain Dew, Sting, 7up, Mirinda, Slice, Tropicana, Aquafina, Gatorade, Lipton Ice Tea, and Cream Bell in beverages and drinks.

Brands of Foods & Snacks include Lays, Doritos, Cheetos, and Kurkure. Being among the most consumable foods and drinks in the Indian market, especially during summer, gives the company a high exposure and a cent per cent probability to be consumed during IPL 2024. Thus, making this an attractive stock to invest in India during IPL 2024.

Tata Consumer Products

Tata Consumer Products Limited, a subsidiary of Tata Group (main sponsor for IPL 2024 title), has many brands under it that can be served during IPL and in the homes of common people in India and abroad.

It includes brands such as Himalayan (Mineral Water), Tata Tea, Starbucks, Tata Coffee Grand, Tata Copper Water, Tata Soulful (Millets), Tetley, Eight O’ Clock (Coffee), tea pigs, Good Earth (fruit drink), Tata Gluco (Energy boost drink), Vitax (fruit tea brand), Tata fruski (fruit drink), etc.

These beverages and fruit drinks, mineral water, other food items, etc., are great ways to enjoy this IPL season. Therefore, this stock is a consumer-usage product that can be invested in.

Gulf Oil

Gulf Oil Corporation of India, under its brand Gulf Oil, makes Advertisements for Chennai Super-kings (CSK) every year for the IPL. This year, Gulf’s Unstoppable Army campaign is focused on connecting the brand, fans, and team through digital and traditional channels.

It aims to celebrate cricket and its supporters, with a focus on engagement and community building. Thus, this campaign makes it a stock to stop by and invest in this IPL season.

Summary of the top 10 stocks to invest in IPL 2024

Serial No.	Name of the stock	Current Market Price (CMP) as of April 10, 2024 [(IPL Stock Price) (In Rs)]	P/E	Market Capitalisation (in Rs Crore)	Sector
1)	Tata Investment (Tata Group)	6,931.00	100	35,000	Mid-cap
2)	Reliance Industries Ltd.	2,955.00	28	20,00,000	Large-Cap
3)	Network 18 (Network18 Media & Investments Limited)	89.10	NA	9,300	Small-Cap
4)	BalKrishna Industries Ltd.	2,417.95	37	46,600	Mid-cap
5)	Ceat Tyres Ltd.	2,625.75	16	10,600	Small-Cap
6)	Astral Ltd.	1,994.90	95	53,500	Mid-cap
7)	KEI Industries Ltd.	3,804.00	62	34,300	Mid-cap
8)	Varun Beverages Ltd.	1,427.40	87	1,85,000	Large-cap
9)	Tata Consumer Products (Tata Group)	1,138.30	85	1,09,000	Large-cap
10)	Gulf Oil (Hinduja Group)	1,092.90	19	5,300	Small-Cap

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Disclaimer: Investing in the Equity market in India is subject to risks, i.e. the market keeps on fluctuating. This article is purely for educational purposes. The views expressed and data provided here are by Equitypandit’s team. Kindly do not completely depend on the information provided as the risk appetite differs from individual to individual and there are various other factors in the market to determine the factors to invest in the market.