Investments amid Covid-19 second wave in India
Published On: Friday, March 19, 2021 | By: Team KnowMyStock
India is going to complete one year of Covid-19 lockdown on March 24, 2020. But, even before that India is seeing Covid-19 related restrictions including night curfews across various states, and mandatory institutional quarantine after inter-state travels back in place. In a recent turn of events, the Bombay Municipal Corporation (BMC) on Friday ordered mandatory negative (COVID) test reports for mall visitors in Mumbai. Amid this, sustainable recovery in stocks related to malls, multiplexes, quick restaurant services (QSR), and aviation is still some time away, say analysts, who believe that investors will be better off if they avoid these stocks till the Covid-19 situation improves. There are more lucrative options in the markets than these counters, they said.
“Given these latest developments related to fresh restrictions and capacity constraints, recovery in these stocks will be pushed back by a couple of quarters. It was expected that normalcy would return by first or second quarter of the new fiscal year (Q1FY22/Q2FY22); but with the rise in cases, sectors that rely on footfall of customers will suffer a little more,” say experts.
Tags: COVID-19 multiplex stocks QSR
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