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NEW DELHI: Shares of hotel stocks rallied up to 20 per cent after RBI Governor Shaktikanta Das announced liquidity support to contact-intensive sectors.
Das announced a separate liquidity window of Rs 15,000 crore to mitigate the adverse impact of Covid 2.0 on certain contact-intensive sectors related to travel and tourism. The central bank announced that banks can lend to hotels and restaurants under this window.
Among hotel counters, hit its upper circuit limit of 20 per cent to Rs 373.65. HLV soared 18 per cent to Rs 10.65. EIH Hotels, Oriental Hotels, and Taj GVK Hotels gained between 6 and 9 per cent.
Other stocks like Indian Hotels, Lord Ishwar Hotels, Gujarat Hotels, , , CHL, Royal Manor Hotels, TGH Banquets zoomed as much as 5 per cent.
The RBI scheme will be available at the prevailing policy repo rate for a period of up to one year and will remain open till March 31, 2022. To expand the coverage of borrowers under resolution framework 2.0, the RBI has decided to increase the limit of loans to Rs 50 crore for small businesses and individuals.
Das announced a separate liquidity window of Rs 15,000 crore to mitigate the adverse impact of Covid 2.0 on certain contact-intensive sectors related to travel and tourism. The central bank announced that banks can lend to hotels and restaurants under this window.
Among hotel counters, hit its upper circuit limit of 20 per cent to Rs 373.65. HLV soared 18 per cent to Rs 10.65. EIH Hotels, Oriental Hotels, and Taj GVK Hotels gained between 6 and 9 per cent.
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Stock score of Lemon Tree Hotels Ltd moved down by 1 in 3 months.
View Latest Stock Report »Other stocks like Indian Hotels, Lord Ishwar Hotels, Gujarat Hotels, , , CHL, Royal Manor Hotels, TGH Banquets zoomed as much as 5 per cent.
The RBI scheme will be available at the prevailing policy repo rate for a period of up to one year and will remain open till March 31, 2022. To expand the coverage of borrowers under resolution framework 2.0, the RBI has decided to increase the limit of loans to Rs 50 crore for small businesses and individuals.
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