MakeMyTrip Stock Is An Under The Radar Play – Investing.com
- Date: 01-Dec-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:UAE
MakeMyTrip Stock Is An Under The Radar Play – Investing.com
Online travel agency MakeMyTrip (NASDAQ:) is attempting to coil on the continuing spread of COVID-19 . The rapidly growing Indian market platform was a pandemic loser transformed into a benefactor of the .
COVID-19 vaccinations have been the driver for consumers taking trips again to and from India. As of November 8, 2021, the US has opened up its borders to enable fully vaccinated Indian travelers to travel into the US Additionally, e-commerce users are expected to grow to 500 million by 2030, more than doubling the current users today.
India has the second-largest population on the planet with over 1.2 billion people. MakeMyTrip has recovery and growth tailwinds in its favor. Prudent investors seeking exposure in the travel segment in the second largest populace can watch for opportunistic pullbacks in shares of MakeMyTrip.
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