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This stock is a no-brainer. So what if their profit margin is negative for now? It's to be expected that the margin of a web-based business will improve in time. MMYT is the leader in travel booking in India, a market destined to grow at least 9% over the next few years.
The company has a long way to go beofe profitable. Might be good in the long term but not in this economy
India is the next China. MMYK = CTRP
India 8% growth
Began a position at $30 in RL. Wanted to jump in at $26, but waited a little too late to pull the trigger. BigTime Growth. Huge Demand for the stock during the IPO. The travel industry is already booming in the US and should be over $110 Billion in India over the next ten years, with potentially half of that moving online. Expansion in SE Asia and the Middle East should make this a long term, Make My Net Worth increase by leaps and bounds, for the Savvy investor.
IPO hype is over
Jumped 89% on its release no way it can hold those values in this turbulent market. Maybe will be a good stock down the road but it will most likely pull back big first.
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