Nischal Maheshwari of Centrum Broking, in an interview with CNBC-TV18, said Interglobe Aviation (indigo) is its top pick but it likes SpiceJet as well.

“Indigo has run up quite a bit and SpiceJet has got a lot to catchup, but a lot of positives are coming up in SpiceJet and also the US Federal Aviation Administration (FAA) lifts ban on Boeing 737 Max aircraft is positive,” he added.

“However, we would prefer Indigo over SpiceJet for a long-term horizon.”

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