MakeMyTrip Shares Being Booked by Big Money

FXEmpire.com -

MakeMyTrip Shares Surge on Big Money Buying

Institutional volumes reveal a lot. MMYT has enjoyed heavy Big Money buying over the last year, which we believe to be institutional accumulation.

Each green bar signals unusual trading action in MMYT stock. The green color indicates our proprietary inflow signal:

Source: www.mapsignals.com

Plenty of discretionary names are under accumulation right now. But when you dive into the fundamentals, there’s a special tailwind going on with MakeMyTrip.

MakeMyTrip Fundamental Analysis

Institutional support and healthy fundamentals make this company interesting. As you can see, MMYT has had high-flying sales and EPS growth in recent years:

  • 3-year sales growth rate (+37.7%)
  • 3-year EPS growth rate (+60.9%)

Source: FactSet

The one-year EPS outlook is estimated to increase by an enormous +113.3%.

Now it makes sense why the stock has been powering to new heights. MMYT is gaining due to strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

MMYT has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report numerous times. The blue bars below show when MMYT was a top pick over the last year…flying higher along the way.

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most superstar stocks exhibit. Today’s money flows often reveal tomorrow’s leaders.

MakeMyTrip Price Prediction

The MMYT rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in MMYT at the time of publication.

If you are a Registered Investment Advisor (RIA) or a serious investor looking to take your investing to the next level, learn more about the MAPsignals process here.

This article was originally posted on FX Empire

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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