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Retail and media stocks in demand as recoveries outpace fresh covid cases

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MUMBAI : Shares of retail and media rose on Tuesday, despite a weak market, as the number of people recovering from covid exceeded the number of fresh cases in Maharashtra, a first in many weeks.

Maharashtra on Monday witnessed 61,607 recoveries and reported 37,236 new cases in 24 hours.At closing, shares of Aditya Birla Fashion rose 2.76%, Trent Ltd advanced 2.13%, Shoppers Stop gained 4.12%, Spencer’s Retail was up 1.28%, Sun TV Network gained 2.50%, Inox Leisure rose 2.03%, TV18 Broadcast was up 2.74%, DB Corp advanced 2.52%, and PVR was up 1.32%.Maharashtra reported a covid recovery rate of 86.97% on Monday with 4,469,426 patients discharged after full recovery.

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