Unlock 1.0: Hotel stks rally up to 19% as operations to resume from June 8

Share of hotel companies rallied up to 19 per cent on the BSE on Monday in the early morning deals as government on Saturday said that restaurants, hotels, and other hospitality services would be allowed to function from June 8, along with shopping malls and complexes, as part of 'Unlock 1.0' strategy to resume economic activity.

Indian Hotels, Chalet Hotels, EIH, TajGVK Hotels & Resorts, EIH Associated Hotels and Shopper Stop were up in the range of 10 per cent to 19 per cent on the BSE in the intra-day trade. In comparison, the S&P BSE Sensex was up 2.3