From the above article
HDFC AMC raised its holding in April included in InterGlobe Aviation, where its holding has gone up to a whooping 1,94,200 shares as of April 30 from 15,600 on March 31.
According to Stewart & Mackertich, improved pricing power, lower ATF coupled with rupee appreciation should aid an improvement in profitability of domestic airlines. With the global ban on Boeing 737 Max 8 planes coming into force from March, capacity is not likely to rise at the expected pace, thus demand should outpace supply in the near future. This means the prospects for yields would be encouraging, the brokerage said.
“We expect IndiGo to outperform, as it has a deep domestic network with over 43 per cent market share, availability of slots, lowest cost structure and a healthy cash balance to fuel the airline,” the brokerage said.