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Seven aviation stocks that are flying high in FY21 despite COVID chaos

Amid the outbreak of COVID pandemic, one of the worst-affected sectors has been aviation. Despite the severe hit, the sector proved to be one of the major contributors in fight against COVID-19 with flights being used to transport essential medical cargo to remote parts of the country. While the airlines' passenger numbers have not recovered yet to the pre-COVID levels, the stock prices of the companies are flying high in FY21.

Seven aviation stocks that are flying high in FY21 despite COVID chaos
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Seven aviation stocks that are flying high in FY21 despite COVID chaos

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Amid the outbreak of COVID pandemic, one of the worst-affected sectors has been aviation. Despite the severe hit, the sector proved to be one of the major contributors in fight against COVID-19 with flights being used to transport essential medical cargo to remote parts of the country. While the airlines' passenger numbers have not recovered yet to the pre-COVID levels, the stock prices of the companies are flying high in FY21.

Jet Airways (India) | The stock has jumped 466 percent to Rs 75.60 as on December 08, 2020 from Rs 13.35 as on March 31, 2020. Note: Jet Airways, was grounded in April 2019. According to a news report, it might resume operations as a full-service airline in the summer of 2021

Spicejet | The stock has gained 162 percent to Rs 96.65 as on December 08, 2020 from Rs 36.90 as on March 31, 2020.

TAAL Enterprises | The stock has gained 135 percent to Rs 239.05 as on December 08, 2020 from Rs 101.65 as on March 31, 2020.

Taneja Aerospace & Aviation | The stock has gained 115 percent to Rs 32.75 as on December 08, 2020 from Rs 15.25 as on March 31, 2020.

Global Vectra Helicorp | The stock has gained 75 percent to Rs 61.45 as on December 08, 2020 from Rs 35.05 as on March 31, 2020.

Interglobe Aviation | The stock has gained 63 percent to Rs 1746.35 as on December 08, 2020 from Rs 1068.25 as on March 31, 2020.

Hindustan Aeronautics | The stock has gained 62 percent to Rs 864.80 as on December 08, 2020 from Rs 532.95 as on March 31, 2020.

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