In a remarkable display of market confidence, MakeMyTrip Ltd . (NASDAQ:) stock has reached an all-time high, touching a price level of $110.76. This milestone underscores a period of significant growth for the online travel company, which has seen its stock value skyrocket by an impressive 175.48% over the past year. Investors have shown increasing enthusiasm for MakeMyTrip’s business model and growth prospects, propelling the stock to new heights and reflecting a robust recovery in the travel industry as global travel restrictions ease.
In other recent news, MakeMyTrip reported robust year-over-year growth in its recent quarterly results. BofA Securities highlighted a 22% increase in top-line growth and a 20% growth in both flights and hotels segment revenues year-over-year. The company’s second-quarter EBITDA stood at $32.7 million with a margin of 14.2%. Despite this, net income was slightly below BofA Securities’ estimates, primarily due to higher finance costs.
Similarly,…
