Chennai, Jan 30: MS Dhoni led 4 time IPL Champions Chennai Super Kings (CSK) has started setting big records even before stepping on the field this season. CSK as of Friday has become India’s 1st SPORTS UNICORN.
CSK’s market cap has crossed 7,600 Crores & their shares in the GREY MARKET are trading at a record price of 210-225 price band.
Not only this, CSK has broken another BIG-RECORD. CSK’s current market cap is more than market cap of parent entity India Cements. The market-cap of leading cement company as per the STOCK VALUE at MARKET CLOSURE on Friday was 6,869 Crores.
CSK’s MARKET-CAP is currently around 7.600 Crore.
CSK last season won IPL title and that led to increase in its share-price in the grey-market.
After Sanjiv Goenka-owned RPSG Group bought IPL’s Lucknow franchise with 7,000-crore plus bid & CVC Capital acquiring Ahmedabad franchise for 5,625 crore, the CSK share price further sky-rocketed.
- The stock was trading at Rs 110-120 in the week of IPL Finals but currently is trading Rs 210-225 price-band.
- The scrip was trading at Rs 90-100 3 months ago in the informal market.
- The CSK stock price has soared more than 2,000 per cent in just three years, from the level of Rs 12-15 in November 2018.
“Brand CSK will outgrow Brand India Cements. If you look at the history of franchise-based leagues in the US, it will outgrow everything. Passion for cricket is so much in India. The road between countries will see franchise-based leagues getting the precedence as we go along.” – N Srinivasan, the Managing director of India Cements was qutoed by a media outlet recently.
Life Insurance Corporation of India (LIC) holds 6.04 per cent stake in the company while Ace investor Radhakishan Damani hold 2.39 per cent in the entity.
It is notable that CSK is the only sports team in the country whose shares are available for public investment, and attracts interest due to their on-field performances.
