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

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

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