Hotel, airline stocks plunge over 6% as India reports 3 cases of HMPV

Hotels and airlines stocks plunged up to 6.4% on Monday after the Indian government confirmed three cases of Human Metapneumovirus (HMPV) in the country bringing back memories of Covid-19 which had brought the sectors to a standstill.

Major hospitality stocks like The Indian Hotels Company (IHCL), Lemon Tree Hotels, Samhi Hotels, EIH and EIH Associated Hotels were down between 6.4% and 5% in the day’s trade. Others including Juniper Hotels (5.6%), Advani Hotels & Resorts and Mahindra Holidays…