 "The Covid-19 induced lockdown and the consequent loss of business may lead to debt pile of Rs 45,000 crore for players in the organised sector")
Hotel stocks such as EIH, Indian Hotels, Lemon Tree, and Chalet Hotels were trading higher in a weak market, buoyed by the possibility of hotels reopening in the national capital after a stringent Covid-19 induced lockdown since March 2020.
According to reports, the Delhi Disaster Management Authority on Wednesday approved re-opening of all hotels in the capital besides allowing weekly markets on a trial basis. All these will resume with social-distancing guidelines and and preventive measures.
According to reports, the Delhi Disaster Management Authority on Wednesday approved re-opening of all hotels in the capital besides allowing weekly markets on a trial basis. All these will resume with social-distancing guidelines and and preventive measures.
Individually, EIH surged the most, rallying 10 per cent to hit an intra-day high of Rs 88.7 per share. Besides, Chalet Hotels soared
