Online travel agency (OTA) MakeMyTrip (NASDAQ: MMYT) stock is attempting to coil on the continuing spread of COVID-19 vaccinations. The rapidly growing Indian market travel platform was a pandemic loser transformed into a benefactor of the reopening. COVID-19 vaccinations has been the driver for consumers taking trips again to and from India. As of November 8, 2021, the U.S. has opened up its borders to enable fully vaccinated Indian travelers to travel into the U.S. Additionally, ecommerce 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 ecommerce growth tailwinds in its favor. Prudent investors seeking exposure in travel segment in the second largest populace can watch for opportunistic pullbacks in shares of MakeMyTrip.
Q2 FY 2021 Earnings Release
On Oct. 26, 2021, MakeMyTrip released its fiscal second-quarter 2021…