MakeMyTrip Limited MMYT shares have skyrocketed 113.5% year to date (YTD), outperforming the broader Zacks Computer and Technology sector’s return of 26.4%. Over the same time frame, it also outperformed its Internet – Delivery Services industry and competitors, including GoDaddy GDDY, QuinStreet QNST and Asure Software ASUR.
On a YTD basis, shares of GDDY and QNST rallied 74.3% and 60.4%, while shares of ASUR lost 9.5%. The industry appreciated 52.3% YTD.
MakeMyTrip’s outperformance was driven by the increase in gross bookings value, implying investors’ confidence in the company’s AI and data science-driven product portfolio. To enhance its offerings further, MMYT agreed to acquire the Happay Expense Management platform from CRED, integrating advanced expense management capabilities into its services.
The acquisition is expected to significantly enhance MakeMyTrip’s corporate travel offerings. By integrating Happay’s proven expense management capabilities and its base…
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