SpiceJet, IndiGo stocks have run up too fast, too soon: Analysts

SpiceJet and Interglobe Aviation (IndiGo's parent company) have outperformed the benchmark index thus far in tcalendar year 2019 (CY19) with a gain of nearly 36 per cent and 49 per cent respectively.

The gradual descent of Jet Airways’ operations over the past few months has proved to be a boon for the other players who are not only looking to capture the temporarily out of service airlines’ market-share, but also benefit from the soaring ticket prices.

The markets have been quick to respond to the development. SpiceJet and Interglobe Aviation (IndiGo’s parent company) have outperformed the benchmark index thus far in calendar year 2019 (CY19) with a gain of nearly 36 per cent and 49 per