In the Indian stock markets, before the comeback in 2021, in three consecutive calendar years (2018, 2019, 2020), value investing underperformed while growth investment style gave handsome returns. Following only one of these two styles can make a portfolio more volatile and have a negative effect on portfolio performance on a risk-adjusted basis.
IndiGo profit falls on higher cost on older planes
The airline was forced to induct older planes due to grounding led by issues of Pratt & Whitney engines