Be selective in consumption stocks ahead of ICC World Cup, say analysts

Headwinds for the airlines and QSR sectors, analysts believe, could outweigh the positives in the form of a demand uptick

Consumption-related stocks, such as hotels, and quick service restaurants (QSRs), have been hitting the ball out of the park ahead of the ICC Men’s World Cup 2023, which begins October 5.

On the other hand, the Miss World Pageant scheduled for later this year in New Delhi, too, could provide some tailwind to these stocks, especially hotels and aviation. However, analysts suggest investors put their best foot forward and buy these counters only on a decline given the recent rally and economic headwinds.

"We believe India's hotel industry is poised for robust growth in the second half of the current