According to the average brokerage recommendation (ABR), one should invest in MakeMyTrip (MMYT). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
India's travel and tourism industry is expected to see a strong, double-digit growth in the coming years, with both domestic and outbound travel continuing to expand, Rajesh Magow, co-founder and group CEO of online travel agency MakeMyTrip said.
MakeMyTrip stock has surged 127.23% in a year, driven by record-breaking growth and favorable macro trends. See why I'm upgrading the rating of MMYT to Buy.
Booking Holdings Inc. (BKNG) experienced a notable stock movement with a 1.77% increase in its share price, reaching $4,700.82. The trading volume was 116,516 s
MakeMyTrip posted a Q3 FY25 profit of $27M, up from $24M last year, with revenues rising 26.2% to $267.4M. Strong growth in gross bookings, international outbound, and operating profit drove performance.
MakeMyTrip (MMYT) delivered earnings and revenue surprises of -9.30% and 4.16%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?
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Rajesh Magow, MakeMyTrip's co-founder and CEO, said the Gurugram-based company plans to reintroduce its destination-based activities and experience-heavy offerings that had taken a beating during the pandemic.
The rapid development of infrastructure in India is transforming the nation's tourism landscape, with significant benefits for the hospitality sector. Puneet Chhatwal, Managing Director and CEO of The Indian Hotels Company Limited (IHCL), underscored the sector's pivotal role in this transformation.
U.S. stocks were mixed, with the Dow Jones index falling around 50 points on Tuesday.
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