Unlock trade is the buzz on the D-Street: Wonderla Holidays zooms over 16 per cent along with a phenomenal jump in volumes!

The second wave of the pandemic hit several sectors, among all, the worst hit were tourism and hospitality sector, as the restriction was in place to curb spread of the virus. However, following unlocking in major states led by the significant decline of corona virus cases along with the ramp up in vaccination, slowly and steadily the people are getting back to normal routine life. One thing which people missed the most during the second wave was travelling and other entertainment like movies, parties or visit to a theme park.  

With gradually unlocking of economy and easing of restriction on mobility and transport, it’s time to play on the ‘Unlock Theme.’  

One of the stocks which is seen buzzing on the bourses is Wonderla Holidays. Wonderla Holidays operates three largest amusement parks in Kochi, Bangalore and Hyderabad. It operates a resort in Bangalore under the brand name Wonderla.  

The stock is up by a staggering 16.5 per cent, what is more striking that the upmove is seen along with phenomenal jump in volumes. Volume in the first half itself are inching close to 25 lakh shares. This clearly reflect buying interest in the stock.  

The stock has outperformed in the last one month as it has gained as much as 21 per cent against gains of 1.28 per cent of Nifty 50. Interestingly, the FII/FPI have increased holdings from 11.79 per cent to 11.86 per cent in March 2021 quarter. Also, number of FII/FPI investors increased from 9 to 10 in March 2021 quarter.  

The company has informed exchanges that Wonderla Resort in Bangalore is all set to reopen its business from 5th July 2021 with a 50 per cent capacity as a crowd control measure