Indian airlines, travel stocks soar after positive COVID-19 vaccine data

Mahindra Holidays and Resorts India

10/11/2020 04:44

** Shares of Indian airlines and travel stocks, among the
worst hit by the pandemic, surge in early trade after positive
data from Pfizer's experimental coronavirus vaccine 
    ** Shares of InterGlobe Aviation  INGL.NS  rise as much as
7.7% to 1605.70 rupees, while those of Spicejet  SPJT.NS  gain
as much as 6.5% to 53.35 rupees
    ** India's hotel and hospitality shares also rise. EIH
Associated Hotels  EIHA.NS  up 5.2%, Mahindra Holidays  MAHH.NS 
3.6%, ITDC  ITDC.NS  1.9%, Taj GVK  TAJG.NS  1%
    ** Shares of amusement park operator Wonderla Holidays
 WOHL.NS  jump as much as 13.1% to 183.75 rupees 
    **  Pfizer  PFE.N , German partner BioNTech SE  BNTX.O 
expect to produce up to 50 mln doses or enough vaccine to
protect 25 mln people this year  urn:newsml:reuters.com:*:nL1N2HV067 

 (Reporting by Vibhuti Sharma in Bengaluru)