Indian travel stocks drop on fresh curbs after virus infections hit record high

Country Club Hospitality & Holidays

05/04/2021 08:41

** Shares of travel-related stocks down as daily coronavirus
infections hit record high and stringent restrictions were
imposed in a number of states, including Maharashtra
    ** Shares of online travel agency Easy Trip Planners
 EASM.NS  slump as much as 7.5%
    ** Shares of SpiceJet Ltd  SPJT.NS  and Interglobe Aviation
 INGL.NS , which runs India's biggest airline IndiGo, fall over
5.6% each
    ** Indian airlines expect load factor to fall below 60% in
April with the impact of rising COVID-19 cases on the industry
worsening, according to ET Now (https://bit.ly/31N5K6E)
    ** India's daily COVID-19 cases soared by 103,558 on Monday,
the biggest such daily increase as per health ministry data,
taking the total to 12.59 million
    ** Hotel and hospitality chains stocks fall - Country Club
Hospitality & Holidays  COUN.NS  down 4.5%, Lemon Tree Hotels
 LEMO.NS  down 4% and Mahindra Holiday & Resorts India  MAHH.NS 
down 3.2% 
    ** Shares of Indian Railway Catering and Tourism Corporation
(IRCTC)  INIR.NS  also down about 3%

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))