Thread by @BiIndia

#StockMarket | Stocks of Indian hotel companies surge after #RBI announces liquidity boost

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By @jainrounak

@jainrounak #RBI announced a fresh round of liquidity boost for the hotel industry, as well as tourism and travel operators, which has been amongst the most-severely hit industries due to the #COVID19Pandemic. In response, stocks of hotel companies zoomed by up to 20%.

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@jainrounak In his announcement, #RBI governor #ShaktikantaDas revealed that the liquidity window of an additional ₹15,000 crore will remain open till March 31, 2022.

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@jainrounak The window is primarily aimed at the hotel and tourism industries, giving them access to loans to meet their working capital requirements.

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@jainrounak #IndianHotels is a subsidiary of the Tata group. It manages hotels, resorts, jungle safaris, palaces and more. Its share price has surged by over a quarter in the last one month.

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@jainrounak EIH is an Oberoi group company and one of the largest luxury hotel chains in the country. It manages hotels under three names – Oberoi, Trident and Maidens. Its share price has surged by nearly 38% in the last one month.

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@jainrounak Taj GVK Hotels is a joint venture between Indian Hotels and the Hyderabad-based GVK group. It manages three five-star hotels in Hyderabad and one each in Chennai and Chandigarh. Its share price has surged by nearly one-third in the last one month.

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@jainrounak EIH Associated Hotels is an associate company of EIH. It manages five-star hotels across major tourist destinations in the country. Its share price has surged by nearly two-thirds in the last one month, hitting the 20% upper circuit today.

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@jainrounak #OrientalHotels operates its hotels under the Taj brand in India. Established in 1970, Oriental Hotels operates seven hotels in South India, pre-dominantly in Tamil Nadu. Its share price has surged by nearly three-fourths in the last one month.

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