Flying high! FII, MF ownership in InterGlobe Aviation at all-time high; will the party continue?

In the last year, the stock performance of SpiceJet and InterGlobe Aviation have been very different. InterGlobe Aviation, which runs India’s largest carrier Indigo, has given about 39% returns in the last year, while shares of SpiceJet have fallen by the same amount. The stellar performance by InterGlobe stock has been on the back of consistent buying by both mutual funds and foreign portfolio investors. Mutual funds have been increasing their ownership in Indigo’s parent consistently in the last 4 quarters