Top 5 Airline Stocks to Watch in India: Who Should Invest?
The post-covid period has seen remarkable growth in the aviation sector, thanks to government support and increased demand for air travel. Aviation companies have been aggressive in catching this trend by increasing their capacity and offering diverse products.
This begs the question of how to invest in this sector and perhaps ride the next big wave. Today’s blog focuses on top airline stocks listed in Indian markets.
1) Interglobe Aviation
Interglobe Aviation or Indigo provides travel services, aviation management, and hotel development. The majority part is providing air and cruise transport management services including passenger and cargo, charter requirements, destination, route, etc.
The company has become one of the leading aviation companies with the highest market share in the country. It employs over 58,000 people spread across 28+ countries. Interglobe Enterprises was recognized as one of the ‘Companies with Great Managers 2022’.
- Interglobe Aviation Share Price as of Jan '24: ₹3000+
- Market cap: ₹1,20,403.00 Cr
2) Jet Airways
Jet Airways provides scheduled airline services within domestic and international markets. The company mainly operates in two business verticals- Leasing of Aircraft and Air Transportation.
Jet Airways has a frequent flyer program named Jet Privilege. Incorporated as a limited liability company in 1992, the airline started its business as a taxi operator in 1993. It has also won top honors at Global travellers wines on Wing awards in the past.
- Jet Airways Share Price as of Jan '24: ₹55+
- Market Cap: ₹646.50 Cr
3) Global Vectra Helicorp
Global Vectra Helicorp is the largest private Helicopter company in the country. The company provides services to India’s oil and gas industry, State government VIP flying, heli pilgrimage, election flying, and other rotary services.
Global Vectra Helicorp has introduced a Work Based Compensatory Assessment Program to understand the effectiveness of safety risk controls and collaboration.
- Global Vectra Helicorp Share Price as of Jan '24: ₹120+
- Market Cap: ₹181.65 Cr
SpiceJet was built with the vision to provide low-cost airline services to the most price-sensitive consumers, covering the most remote part of the country.
The company operates the maximum number of UDAN flights with the goal of making flying affordable and approachable to Indians.
SpiceJet is the first airline to have flown a bio-jet fuel jet and introduced the first electric tarmac coach in the country.
- SpicJet Share Price as of Jan ‘24: ₹60+
- Market Cap: ₹4,407.82 Cr
5) Taneja Aerospace and Aviation
TAAL is headquartered in Bangalore and provides specialized engineering design and development solutions services. Their focus is on the manufacturing of general aviation (non-military) aircraft products.
TAAL mainly manufactures Light transport trainer aircraft and has established its presence in many segments of the aeronautical and aviation industries in India.
The company was awarded a contract by IAF to modernize its MiG-29 Fulcrum fighter aircraft in the past.
Investing in aviation stocks can yield good returns if invested for a long period of time as with any other industry stocks. Stock Market Investment in these companies should be done with the understanding that it's a capital-intensive industry and can be sensitive to government regulations.
The aviation sector is set to grow exponentially. However, it is important that you conduct your research and invest accordingly. The airline stocks listed in this blog can be your starting point to have exposure in this industry. To start your journey, visit Dhan and explore a range of stocks.