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Hotel stocks rally on heavy volumes; Chalet, Lemon Tree soar over 10%

While Q2FY22 witnessed a sharp rebound in revenues on a lower base, ICICI Securities expect a further recovery in revenues during Q3FY22E supported by healthy festive season travel demand.

Topics
Buzzing stocks | hotel stocks | Market trends

SI Reporter  |  Mumbai 



hotels, staycation, coronavirus, hospitality, restaurants, tourism, quarantine, isolation, hospitals
A banquet hall used for weddings has been temporarily converted into a makeshift quarantine facility for Covid-19 patients in New Delhi. Photo: Reuters

Shares of hotel companies rallied up to 13 per cent on the BSE in Monday’s intra-day trade on back of heavy volumes on expectation of healthy earnings going forward as higher vaccination and lower hospitalization rates will lead to a much stronger rebound than the second wave.

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First Published: Mon, January 31 2022. 12:03 IST

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