Coronavirus Lockdown: Hotel stocks rally up to 19% as govt lifts curbs on operations from 8 June
Hotel stocks on Monday zoomed up to 19 percent after the government said the opening of hotels, restaurants and other hospitality services and shopping malls will start from 8 June
New Delhi: Hotel stocks on Monday zoomed up to 19 percent after the government said the opening of hotels, restaurants and other hospitality services and shopping malls will start from 8 June.
Chalet Hotels jumped 19.16 percent, EIH Associated Hotels 13.96 percent, Indian Hotels Company Limited 11.38 percent, EIH 9.93 percent and Taj GVK Hotels & Resorts soared 8.38 percent on the BSE.
Lemon Tree Hotels also jumped 4.74 percent to Rs 18.80 -- its upper circuit limit.
The home ministry on Saturday said 'Unlock-1' will be initiated in the country from 8 June under which the nationwide lockdown effectuated on 25 March will be relaxed to a great extent, including the opening of shopping malls, restaurants and religious places, even as strict restrictions will remain in place till 30 June in the country's worst-hit areas.
Unveiling the phased reopening, which the home ministry termed as 'Unlock-1', the guidelines said the opening of hotels, restaurants and other hospitality services and shopping malls will start from 8 June.
Delhi's out-of school poor children, dependent on mid-day meals, stare at empty plates and uncertain future
Delhi has the highest percentage of severely stunted children (11.7 percent), according to the Urban Hunger and Malnutrition (HUNGaMA) study whose results were released in February 2018
Britain on Friday reported a record 1,325 deaths over a 24-hour period from people testing positive for COVID-19 as overstretched health services struggled to cope.
2020, year of the pandemic: TN family of farmers accuse govt official of abusive and violent behaviour
Semaliyappan, Samiyatha and Shanti have submitted multiple petitions to the police and district administration demanding that action be taken for the casteism, verbal violence and public humiliation to which they were subjected