 "Given the steep rally and no fresh triggers, analysts suggest investors book profits as markets are entering overbought territory")
It has mostly been a one-way street over the past one month for aviation stocks such as SpiceJet and InterGlobe Aviation (IndiGo) as a gush of liquidity drove investors towards equities. That apart, some investors have been lapping up these stocks in the hope that the government's 'unlock' of the economy and the possibility of a vaccine over the next few months will push people to travel more.
The stock of SpiceJet, for instance, has soared 80 per cent in the past month, from a level of Rs 49.6 apiece on the BSE (on closing basis) to Rs 89.3 on
