Within a couple of days, the prices of unsold shares of Chennai Super Kings, that MS Dhoni is expected to administrate rose from Rs 110-120 to Rs 210-220 as two new clubs namely Gujarat Titans and Luck now Supergiant’s were ready to make their debut in the Indian Premier League.
Excitement about investment, coupled with support for the best team, is what attracts cricket fans globally. One of the best IPL teams is Chennai Super Kings, which has made its share available in the unlisted market to be traded by people. So now, let's take a look at the CSK unlisted shares in some more detail.
The Rise in Price of CSK Unlisted Shares
Chennai Super Kings, one of the best IPL teams, has made its share available for people to trade as a part of the unlisted market. Let’s have a look at the CSK unlisted shares in a little more detail.
What Made CSK Stocks A Good Choice For Investors?
As much as people enjoy tracking the progress of a sports team by its on-ground performance, investors are much rather interested in laying out a financial report card of the sports teams. Chennai Super Kings being the only IPL team to trade its share in the unlisted market got the first-mover advantage and delighted the investors and cricket lovers to try their luck at both sports and stocks in one place.
With the increasing craze of the IPL among people, the willingness to buy CSK unlisted shares among the investors also increased. Not only this but the investor Radhakrishna Damani, holding a 2.94 per cent stake in the IPL team as of March 2020, and the state-owned LIC having a 6% stake gave investors another positive sign to invest in the unlisted stocks.
CSK Unlisted Stock Performance
In 2008, CSK was established after N Srinivasan's company, India Cements, paid Rs 346 crore to acquire the franchise rights. In 2022, the revenue increased by 36.61% compared to 2021. India's first sports unicorn is about to be born.
The market valuation of the company is around Rs. 4200 crores. The CSK unlisted stock has good growth potential due to the ever-growing craze towards the sport and the brand value, along with strong investor support. The current buying and selling price of CSK unlisted shares is Rs. 155 and Rs. 176, respectively (approximate figures). This is the only cricket franchise team that lets the investors buy unlisted shares to generate multiple returns. The financials of this sports team paint a good picture of the growth potential that CSK possesses.
Buy CSK Unlisted Shares With Stockify
Intrigued to buy unlisted shares of one of the best IPL teams? Want to generate multiple returns with these unlisted shares? Stockify is the answer to all your needs providing access to retail investors to all the blue-chip stocks before they are listed in the Indian stock market. Apart from the CSK unlisted stocks, you can get access to a wide range of unlisted shares ranging from technology, healthcare, and manufacturing to solar energy, food and beverage companies and much more. So start your investment journey with Stockify.
