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Go First bankruptcy: IndiGo, SpiceJet good momentum plays, say analysts

Wadia Group-owned Go First Airways (Go First) insolvency plea could trigger a momentum rally in shares of rival airlines, Interglobe Aviation (parent company of IndiGo) and SpiceJet, as they look to gain bankrupt airlines market share, said analysts. On the bourses, shares of InterGlobe Aviation hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE in Wednesdays intra-day trade, before settling 4.5 per cent higher at Rs 2,164 apiece. Those of SpiceJet and Jet Airways, meanwhile, ralli...
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Source: rediff.com

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