MakeMyTrip cuts losses by 24% in FY19, but stock falls 5.9%

Know more→

Technology, Business Services

Makemytrip cuts losses by 24% in fy19, but stock falls 5.9%

17 May 2019

1 min read

In the past few years, the MMYT stock has been known to miss Wall Street’s earnings projections. The company missed 50% of the time and was never able to meet predictions and topped expectations six times. And the trend of topping predictions has continued for the year.

Further in the light of Naspers selling its stake to Ctrip, MakeMyTrip is anticipating more strategic cooperation with Ctrip after regulators okay the deal. A report by PGA Labs said that the online travel market in India, led by flight and hotel aggregators, is expected to touch $13.6 Bn by 2021, and will account for almost 43% of the total travel category in the country.

This article was originally published on Inc 42. Read more.

Are you looking to grow faster than the competition? Write to us below.

Disclaimer: The text, images and content here have been reproduced from the original publisher. Praxian Global Private Limited does not claim any ownership or right to use of this content and the rights belong to the publisher. We have contributed our perspectives, which are often proprietary, to the content publisher. We or the publisher have no obligation to update or refresh the content or our perspectives shared herein.

Ready to talk?

I want to talk to your experts in:

We work with ambitious leaders and transformative clients who are defining the future. Together, we achieve extraordinary outcomes.

MakeMyTrip cuts losses by 24% in FY19, but stock falls 5.9% | PraxisGA