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Travel and leisure stocks rally shows markets betting big on covid vaccine

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₹4,000 crore through a qualified institutional placement. This is at a time when peers are struggling and are expected to lose market share.

Unsurprisingly, shares of smaller rival SpiceJet Ltd are still down 56% from its highs earlier in the year, despite the rally this week.In the hotels sector, analysts say, Indian Hotels Co.

Ltd is in a relatively better position when compared with peers as far as debt goes, given its limited refinancing needs and strong promoter backing.

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