Darspal S Mann
Long/short equity, growth at reasonable price, special situations, deep value

MakeMyTrip Stock Is Flying Close To The Storm

MakeMyTrip Limited (NASDAQ:MMYT) stock, which has doubled in the past six months, is flying high on decent headlines. The company beat consensus EPS estimates by 12 cents and consensus revenue estimates by more than 10%. Besides the quarterly results, investor excitement is being fueled by expectations of:

  1. The India growth story to drive the sector higher
  2. Growth of hotels & packages business to drive the overall growth
  3. Relatively small float

This is the right time to analyze the business fundamentals and avoid getting sucked in a rally driven by headlines, especially in the face of seasonally weak quarters. Investor expectations may hit a rough weather in the coming weeks and months, as:

    Air ticket business continues to suffer...
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