Aviation stocks surge on the back of Tata-Air India deal; IndiGo jumps 9%, SpiceJet up 4.5% - check the reason
As the aviation sector is likely to head for re-rating and revaluation, as analysts predict after the Tatas winning the bid of Air India, the shares of airline companies — InterGlobe Aviation (IndiGo) and Spice Jet — was surging during Monday’s intraday trade on the exchanges.
On Friday, the government announced that Tata Sons emerged as the winning bidder for Air India: PTI