Retailers to gain from easier norms, recovery longer for malls, multiplexes

Topics FMCGs | Retail | Coronavirus

Led by stocks in the consumer discretionary segment, the BSE 500 posted a 2.5 per cent gain in the trade on Monday. The increase in stock prices of companies in the retail, hotel, quick service restaurant, and multiplex segments was because of the expectations that lockdown relaxations in non-containment zones will boost demand.  These segments were among the worst affected by the lockdown since March 25. The Ministry of Home Affairs allowed shopping malls, hotels, restaurants, and other hospitality services to reopen from June 8. Though multiplexes will remain shut, there is an exp.....

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