Seeking Alpha
23 Jun 2026, 06:39 UTC · 20w ago
MakeMyTrip: Temporary Travel Pressure Does Not Break The Buy Case
Impact · against what's priced in
The article presents a bullish case for MMYT, suggesting the current valuation discount is an overreaction to temporary travel disruptions. While growth in hotels and buses mitigates air travel weakness, the primary catalyst is the argument that fundamental demand remains intact despite the conflict-driven de-rating.
- MMYT+0.60
No priced-in read yet
- In context
The current 27x NTM PE reflects a conflict-driven de-rating, but the underlying growth in hotels, packages, and buses suggests that recent slowdowns are temporary disruptions rather than structural failures.
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