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LTP
-25.85 (-4.99%)
Volume
14,400
Market Cap
₹1,287 Cr
52W Low
₹205.20
52W High
₹563.00
LTP
0.00 (0.00%)
Volume
2,213
Market Cap
₹447 Cr
52W Low
₹76.50
52W High
₹345.50
LTP
-120.35 (-2.61%)
Volume
11,21,692
Market Cap
₹1,78,131 Cr
52W Low
₹2,388.85
52W High
₹5,035.00
LTP
-0.03 (-3.90%)
Volume
616
Market Cap
₹1 Cr
52W Low
₹0.00
52W High
₹0.77
LTP
-1.72 (-4.31%)
Volume
42,266
Market Cap
₹453 Cr
52W Low
₹37.52
52W High
₹69.85
LTP
0.00 (0.00%)
Volume
17,19,564
Market Cap
₹8,048 Cr
52W Low
₹0.00
52W High
₹31.85
LTP
-35.15 (-1.26%)
Volume
1,620
Market Cap
₹867 Cr
52W Low
₹2,050.10
52W High
₹3,571.00
With Zero Brokerage on Equity Delivery
India’s civil aviation sector has experienced remarkable growth in the past 3years, making it one of the country’s fastest-growing industries. It encompasses scheduled air transport services covering domestic and international airlines and non-scheduled services like charter and air taxi operators. Additionally, air cargo services handle the transportation of goods and mail.
In 2014, the domestic passenger count was 60 million, and by 2020, it doubled to 143 million before the onset of the Covid-19 pandemic. International passenger numbers also saw a significant increase from 43 million to 64 million, marking a nearly 50% rise. Despite the challenges posed by COVID-19, the total number of aircraft went from about 400 in 2014 to 723 in 2023.
As of now, India boasts 148 operational airports, including 137 airports, 2 water aerodromes, and 9 heliports. This comprises 29 international, 92 domestic, and 10 custom airports. Addressing the growing demand for air travel, there’s a pressing need to expand airport infrastructure. Notably, 60 new RCS (Regional Connectivity Scheme) routes began operating between January 1, 2023, and December 21, 2023.
To meet the rising demand further, the government is committed to developing 100 airports by 2024 under the UDAN Scheme. Currently, 74 airports have been developed, with over 2.15 lakh UDAN flights conducted, benefiting more than 1.1 crore passengers. As of March 2023, a total of 473 routes and 74 airports have been put into operation as part of the RCS-UDAN initiative.
The anticipated surge in air travel within India is poised to drive an increased need for aircraft utilisation, consequently fueling the demand for Maintenance, Repair & Overhaul (MRO) services. Currently valued at approximately $900 million, the Indian Civil Aviation MRO market is projected to experience significant growth, reaching $4.33 billion by 2025, with a compound annual growth rate (CAGR) estimated at around 14-15%.
Simultaneously, the adoption of unmanned aerial vehicles, commonly known as drones, has gained widespread acceptance across various industries. Forecasts predict that the Indian drone industry is set to achieve a substantial turnover, reaching up to $ 1.8 billion by the year 2026.
Led by Prime Minister Narendra Modi, the Central Government has introduced a Production Linked Incentive (PLI) scheme for drones and components, aligned with the Drone Rules, 2021. With a total incentive of ₹120 crores and capped PLI at ₹30 crores per manufacturer, this aims to boost the drone sector. The 20% PLI rate for value addition is among the highest, with an estimated industry turnover increase from ₹60 crore in 2020-21 to around ₹900 crore by 2024-25.
When considering investment opportunities in the aviation sector, a comprehensive analysis of these factors will contribute to making well-informed and strategic investment decisions. Here are some things to consider before investing in the aviation sector:
To invest in sector stocks via Angel One, follow these steps:
You can track the status of the purchase from the ‘Positions’ section in the ‘Orders’ module. Once the stock is delivered, you can track its gains and losses from your ‘Portfolio.’
Aviation sector stocks are shares in companies engaged in the airline industry, including manufacturers, operators, and service providers.
As of January 25, 2024, Interglobe Aviation Ltd is the top stock from the aviation sector with a market capitalisation of ₹1,12,315.82 crore.
Evaluate aviation sector stocks by analysing factors such as industry trends, regulatory environment, competition, financial health, fuel prices, operational efficiency, and environmental considerations.
Investing in aviation sector stocks can be appealing for potential growth opportunities as global travel demand rebounds and the industry adapts to post-pandemic conditions.
Interglobe Aviation Ltd is one of the best aviation sector stocks on the basis of 5Y CAGR. As of January 25, 2024, the company recorded a CAGR of 19.77% in the past 5 years.
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