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Top Aviation Stocks to Invest in India in 2023

01 Dec 2023

Introduction: 

Investing in aviation sector stocks can offer several potential benefits. More and more people are choosing to travel by air as economies grow and new airports connect remote regions of the globe. Additionally, tourism, as well as the defence industry, have benefited from massive technological advancements in the aviation industry. For investors looking to capitalise on this growth potential, there are several suitable aviation stocks in India. This article lays forth some of the best aviation stocks in 2023 to explore.

Best Aviation Stocks to Invest in India in 2023

1. InterGlobe Aviation

InterGlobe Aviation is one of India’s largest conglomerates. The company owns and operates IndiGo, a popular low-cost passenger airline in the country. InterGlobe Aviation has a presence in over 28 countries with more than 160 offices worldwide. Aside from aviation, the company also operates in travel commerce, airline management, aircraft maintenance engineering, and logistics.

InterGlobe Aviation had a market capitalization of Rs 89,196.32 crore as on 25 May 2023 and is a pioneer in the aviation industry. Here’s the company’s shareholding pattern:

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Category

31-Mar-23
Promoters 67.86
Foreign Institutional Investors (FII)    19.43
Domestic Institutional Investors (DII) 10.42
Others 2.29

2. SpiceJet

SpiceJet is another one of India’s most preferred low-cost airlines. The airline operates the maximum number of UDAN flights in the country. SpiceJet flies close to 250 flights every day to over 48 destinations in India and other parts of the world. Also, the company has been actively promoting sustainable practices and was the first Indian airline to use bio-fuel jets and introduce electric tarmac coaches, as well as reduce noise and carbon emissions. 

SpiceJet had a market capitalization of Rs 1,907.85 crore as on 25 May 2023. Here’s the company’s shareholding pattern:

Category

31-Mar-23
Promoters 58.98
Foreign Institutional Investors (FII)    0.43
Domestic Institutional Investors (DII) 0.01
Others 40.58

3. Global Ventra Helicorp Ltd

Global Ventra Helicorp Ltd is a private helicopter company in India. Over the past two decades, the company has provided helicopter services to state governments, oil and gas companies, and others. Global Ventra Helicorp Ltd has flown over 260,000+ hours, comprising 4.6 million passengers. The company has 10+ operating bases and has won several awards over its 24 years of experience in the aviation industry. 

In addition to helicopter services, Global Ventra Helicorp Ltd also offers Maintenance, Repair, and Overhaul (MRO) and has a specialised MRO facility authorised by the Directorate General of Civil Aviation (DGCA). The company had a market capitalisation of Rs 86.59 crore as on 25 May 2023. Here’s the company’s shareholding pattern:

Category

31-Mar-23
Promoters 75
Foreign Institutional Investors (FII)    0
Domestic Institutional Investors (DII) 0
Others 25

4. Taneja Aerospace and Aviation Ltd

Established in 1994, Taneja Aerospace and Aviation Ltd is the first private sector company in India that manufactures non-military aircraft for the general aviation industry. The company is a part of the Indian Seamless group. Although the company was initially involved in the manufacturing of the six-seat, twin-engine aircraft Partenavia P68C in India, it has now diversified into aviation infrastructure. Taneja Aerospace and Aviation Ltd is presently engaged in the Airfield and MRO facility agreement with Air Works India (Engg) for commercial aircraft maintenance and operating aviation infrastructure.

Taneja Aerospace and Aviation Ltd has won several awards for its outstanding products and services, including the Outstanding Supplier Award from the Indian Air Force. As on 25 May 2023, the company had a market capitalisation of Rs 365.48 crore. Here’s the company’s shareholding pattern:

Category

31-Mar-23
Promoters 51.23
Foreign Institutional Investors (FII)    0.42
Domestic Institutional Investors (DII) 0
Others 48.35

To sum it up

Aviation stocks in India can provide investors with diversification to their existing portfolios. With tourism on the rise, these companies have the potential to grow immensely. However, it is important to know that aviation stocks carry several inherent risks, and it is advised to invest in them after research and consideration, according to your risk appetite. 

 

 

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