Coronavirus Lockdown: Hotel stocks rally up to 19% as govt lifts curbs on operations from 8 June – Firstpost

Coronavirus Lockdown: Hotel stocks rally up to 19% as govt lifts curbs on operations from 8 June – Firstpost

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Unique Delhi:Hotel shares on Monday zoomed as much as 19 p.c after the government mentioned the outlet of lodges, restaurants and varied hospitality products and companies and browsing department stores will start up from 8 June.

Chalet Hotels jumped 19.16 p.c, EIH Associated Hotels 13.96 p.c, Indian Hotels Firm Limited 11.38 p.c, EIH 9.93 p.c and Taj GVK Hotels & Hotels soared 8.38 p.c on the BSE.

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Lemon Tree Hotels furthermore jumped 4.74 p.c to Rs 18.80 — its better circuit limit.

The house ministry on Saturday mentioned ‘Liberate-1’ will be initiated within the country from 8 June beneath which the nationwide lockdown effectuated on 25 March will be relaxed to a colossal extent, including the outlet of browsing department stores, restaurants and non secular locations, even as strict restrictions will stay in put till 30 June within the country’s worst-hit areas.

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Unveiling the phased reopening, which the house ministry termed as ‘Liberate-1’, the guidelines mentioned the outlet of lodges, restaurants and varied hospitality products and companies and browsing department stores will start up from 8 June.

As much as this point Date: Jun 01, 2020 13: 07: 55 IST

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