Shares of airline, retail and hospitality companies, which have stagnated since the beginning of the year, have perked up recently, as investors expect a rebound in their fortunes as more Indians get vaccinated.
While these sectors were ravaged by the second wave of covid-19 and new restrictions in many states, analysts said that hopes are rising now as infections show signs of decline.
A faster pace of vaccination will help improve consumer confidence, they said.
“Aviation, retail and hospitality are expected to do well once things normalize and we expect the sectors to witness revenge buying from consumers.
