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Synopsis
Zorawar Kalra, managing director of Massive Restaurants, said demand is heartening and more people are vaccinated now. But, the restrictions on timings are a major concern for the industry.
Getty Images
About a month after they were allowed to resume dine-in services, restaurateurs say business is still hurting due to continued restrictions on timings and reduced seating capacity, though there is a surge in demand.
They are calling for longer operating hours from this month, besides financial support and relief on statutory dues.
In Mumbai, where restaurants are allowed to operate only till 4 pm and are to be closed on weekends, 30-40% of them have continued staying shut.
JK Lakshmi Cement are the 8 stocks that can be perfect bet on reopen trade, says
TCG AMC
Trent and Aditya Birla Fashion stocks are going higher, Trent is one of the most expensive stocks with a PE multiple higher than even Asian Paints. Their business is going to suffer because of lockdown and yet the stock is marching to a new high?
If you look at all the retail companies you have mentioned, Aditya Birla Fashions. Recently they acquired Sabyasachi which is a luxury retail designer brand and that does not fit with Aditya Birla’s overall business strategy because Sabyasachi is a very high-end boutique with a niche clientele. They have also looked at a couple of similar acquisitions. After the lockdown, real luxury items have actually done well. It is only the middle and the lower mid kind of products which have suffered where people are downtrading.