Three of the four listed aviation stocks struggling for a lift-off

On the stock exchanges are InterGlobe Aviation Ltd (brand Indigo), SpiceJet, Jet Airways, and one helicopter service provider, Global Vectra Helicorp Ltd.

According to statistics issued by the Ministry of Civil Aviation for the period of January to March 2023, InterGlobe Aviation is the market leader among listed and unlisted companies with a market share of 55.7%, followed by SpiceJet with 6.9%. Jet Airways is now not in operation due to financial issues.

In 2018, InterGlobe Aviation began raising capital at an issue price of Rs 765 per share. The InterGlobe Aviation share’s most recent trading price was Rs 2,264.35, with a 52-week high and low of Rs 2,332.85 and Rs 1,513.30, respectively.

In its most recent research on InterGlobe Aviation, Emkay Global Financial Services advised investors to purchase the stock with a 12-month target price of Rs 2,700.

Global Vectra, a provider of helicopter services, released a premium public offer for Rs 185. The stock’s last traded price was Rs 59.45, striking a 52-week high and low of Rs 70.95 and Rs 39.40, respectively.