MakeMyTrip Stock Soaring and Could Grow More

MMYT offers online booking for the Indian travel and tourism industry, with a focus on India and the U.S. Its products and services include air tickets, holiday packages, hotels, rail tickets, bus tickets, auto transportation, and travel insurance. It’s a leader in a growing market – by 2030, Indian travel spend is expected to hit $410 billion.

In fiscal 2024, MakeMyTrip reported its highest annual gross bookings revenue ever – $7.9 billion. Plus, the company’s operating profit was $124.2 million, which is a stark turnaround from 2020, when it lost money.

It’s no wonder MMYT shares are up 107% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Flies to MakeMyTrip Shares

Institutional volumes reveal plenty. Recently, MMYT has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in MMYT shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of discretionary names are under accumulation right now. But there’s a powerful fundamental story happening with the MakeMyTrip.

MakeMyTrip Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, MMYT has had strong sales and earnings growth:

• 3-year sales growth rate (+71%)
• 3-year earnings growth rate (+47.5%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +54.8%.

Now it makes sense why the stock has been powering to new heights. MMYT has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

MakeMyTrip has been a top-rated stock at MAPsignals for years. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last year. The blue bars below show when MMYT was a top pick…with shares soaring:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

MakeMyTrip Price Prediction

The MMYT rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in MMYT at the time of publication.

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