Street signs: Hospitality in focus, Vedant Fashions GMP at 5%, and more

Hospitality in focus as curbs ease

Brokers are advising clients to build long positions in hotel and restaurant stocks on hopes of a sharp uptick in business following easing of Covid-related curbs. Last week, Maharashtra decided to lift night curfew and allowed restaurants to operate at 50 per cent capacity. “There is a lot of pent up demand. So we will see hotels and restaurants do brisk business. Also, weddings and celebrations are taking place in full swing following easing of news,” said an analyst. He expects shares of Indian Hotels, Jubilant FoodWorks, Speciality Restaurants, and Burger King to do well.

Vedant