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The Rs 18,000-crore acquisition of Air India by Tata Group could weigh on listed aviation stocks, given the worries that a strong No. 2 player could intensify competitive pressures for the sector. The combined market share of Air India, AirAsia, and Vistara as of August is 26.7 per cent.
Analysts say the impact on SpiceJet stock could be more than that of market leader InterGlobe Aviation (IndiGo).
Says independent market expert Ambareesh Baliga, “Given that SpiceJet was a bidder and failed to make the cut will weigh on Street sentiment. Moreover, increased competitive pressures will have a bigger impact on
