MakeMyTrip Stock: India Aspirational Consumption Play, Valuation Stretched (NASDAQ:MMYT)

Core Viewpoint - MakeMyTrip Limited (MMYT) has experienced a stock price decline from approximately $120, prompting an assessment of whether this correction presents an attractive entry point for investors [1]. Company Analysis - The recent performance of MakeMyTrip Limited is under scrutiny to determine potential investment opportunities following the stock's correction [1]. Analyst Background - The analysis is conducted by an individual with over 25 years of investment experience, including 10 years in entrepreneurship, with expertise in technology, retail, and banking sectors [1]. - The analyst holds a B.S. in Economics and an MBA from Manchester Business School, along with a CFA designation [1]. Investment Philosophy - The investment approach combines rigorous bottom-up analysis with an awareness of macroeconomic dynamics, focusing on uncovering sustainable, long-term value [1].