MakeMyTrip saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 89 to 97.
The upgrade means the stock is now outpacing 97% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
MakeMyTrip is not currently near a proper buy point. See if the stock goes on to form a new chart pattern and offer a new buying opportunity.
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The stock sports a 95 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 95% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
The company reported an 11% increase in earnings for Q3. Sales were flat, matching the prior quarter's 25%.
MakeMyTrip holds the No. 2 rank among its peers in the Leisure-Travel Booking industry group. Booking Holdings is the No. 1-ranked stock within the group.
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