Indian Hotels\, Lemon Tree: Time to buy hotel stocks as operations resume?

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Indian Hotels, Lemon Tree: Time to buy hotel stocks as operations resume?

Most hotel-related stocks gained ground in this backdrop, with Indian Hotels, EIH Ltd, Lemon Tree Hotels, TAJ GVK Hotels and Speciality Restaurants rallying up to 5 per cent

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Avdhut Bagkar  |  Mumbai 

Hotels, restaurants, malls, and places of worship reopened on Monday after 75 days of Covid-19 triggered lockdown, but amid observing social-distancing norms and a palpable sense of nervousness about the challenges ahead.

However, malls will remain shut until June 30 in Maharashtra, Rajasthan, Odisha, Jharkhand, Tamil Nadu, Manipur, Meghalaya, Dadra & Nagar Haveli, Daman & Diu, and Haryana’s Gurugram and Faridabad. Most hotel-related stocks gained ground in this backdrop, with Indian Hotels, EIH Ltd, Lemon Tree Hotels, TAJ GVK Hotels and Speciality Restaurants rallying up to 5 ...

First Published: Mon, June 08 2020. 10:52 IST