MMYT - MakeMyTrip: Encouraging Performance Across Hotels And Packages Segment
2024-05-26 12:45:18 ET
Summary
- MakeMyTrip stock has continued to see strong growth in revenue.
- Performance across the Hotels and Packages segment has been encouraging.
- I continue to take a bullish view on MakeMyTrip.
Investment Thesis: I continue to rate MakeMyTrip as a buy at this time.
In a previous article back in February, I made the argument that MakeMyTrip Limited (MMYT) could have upside potential to a $77 target price based on continued sales growth, but that I would still be monitoring growth in customer inducement costs across the Hotels and Packages segment....
MakeMyTrip: Encouraging Performance Across Hotels And Packages Segment