Business Standard

Analysts bet on IndiGo, SpiceJet on sustained pax growth, low oil prices

Analysts suggest staying mindful of supply chain issues, P&W engine snags

Analysts bet on IndiGo, SpiceJet on sustained pax growth, low oil prices
Web Exclusive Premium

According to IndiGo's management, over 40 aircraft were grounded till September due to P&W engine issues

Nikita Vashisht New Delhi
Airline stocks have been soaring following a steep decline in crude oil prices and sustained passenger traffic.

Analysts have particularly turned positive on the stocks of InterGlobe Aviation and SpiceJet.

On December 20, shares of InterGlobe Aviation (IndiGo) hit a record high of Rs 3,009 on the BSE, having surged 43.24 per cent year-to-date (YTD).

SpiceJet, meanwhile, has hit a 52-week high of Rs 69.20 on December 19, having zoomed 57 per cent YTD.

In comparison, the benchmark S&P BSE Sensex is up 16.3 per cent during this period.

“Travel demand is showing no signs of abating. Strong daily domestic

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in