CSK shares fall 10-15%, market not happy with selection of team?

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IPL 2022 – CSK IPL 2022 Squad: The selection of players by Chennai Super Kings (CSK) in IPL Auction hasn’t gone down well with the unlisted share-market. The shares of MS Dhoni led CSK have fallen 10-15% in the last two days & the shareholders have given THUMBS DOWN to the defending champions – Follow IPL 2022 Live Updates with InsideSport.IN

At the end of last month, CSK shares in GREY MARKET were trading at Rs. 215-225 price band. CSK’s market cap also had crossed 7,600 Crore on 1st February, making them India’s first SPORTS UNICORN.

But now after the IPL Auction, the shares have fallen to Rs. 180-190 price band. According to few reports, a mutual fund house has also invited bids for selling their 100,000 shares in the entity.

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IPL 2022: CSK shares fall 10-15%, Unlisted market gives ‘THUMBS DOWN’ to Chennai Super Kings selection of players in IPL Auction

CSK Shares Unlisted MarketWhy CSK Shares have fallen? According to few market experts, the selection of players by CSK in the IPL Auction hasn’t gone down well with few shareholders. 

“They have again invested in ageing players. Some of the youngsters are completely unknown commodities. As the success of team is directly proportionate to the commercial deals they weave, market feels this team is not a winning unit. That’s why apparently shares are falling”, said Kamaal Mujtaba, well known player in the UNLISTED MARKET.

CSK IPL 2022 Squad: – Players Bought By CSK: (25 Overall – 8 Overseas) – 87.05 Cr / 2.95 Cr remaining

  • Retained: Ravindra Jadeja (16 Cr) / MS Dhoni (12 Cr) / Moeen Ali (8) / Ruturaj Gaikwad (6 Cr) CSK New Buys on Saturday: Robin Uthappa (2 Cr) / Dwayne Bravo (4.4 Cr) / Ambati Rayudu (6.75 Cr) / Deepak Chahar (14 Cr) / KM Asif (0.2 Cr) / Tushar Deshpande (0.2 Cr) New Buys on Sunday: Shivam Dube (4 Cr) / Maheesh Theekshana (0.7 Cr) / Rajvardhan Hangargekar (1.5 Cr) / Simarjeet Singh (0.2 Cr) / Devon Conway (1 Cr) / Dwaine Pretorious (0.5 Cr) / Mitch Santner (1.9 Cr) / Adam Milne (1.9 Cr) / Subhrashu Senapati (0.2 Cr) / Mukesh Choudhary (0.2 Cr) / Prashant Solanki (1.2 Cr) / N. Jagadesshan (0.2 Cr) / Hari Nishaant (0.2 Cr) / Chris Jordan (3.6 Cr) / K Bhagath Varma (0.2 Cr)

IPL 2022 – CSK 1st Sports Unicorn: Despite of shares falling, CSK’s market-cap stays well above the market cap of parent entity India Cements. The market-cap of leading cement company as per the STOCK VALUE at MARKET CLOSURE on Monday was well below 6,500 Crore.

CSK’s MARKET-CAP is currently around 7,000 Crore.

IPL 2022: MS Dhoni led Chennai Super Kings break all ‘VALUATION RECORDS’, now 1st UNICORN Sports enterprise in India

IPL 2022: MS Dhoni led Chennai Super Kings break all ‘VALUATION RECORDS’, now 1st UNICORN Sports enterprise in India

CSK Shares Unlisted Market – CSK 1st Sports Unicorn: 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 in February touched 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.

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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.

Follow IPL 2022 LIVE Updates & CSK IPL 2022 Updates on InsideSport.IN

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