Here's Why MakeMyTrip (MMYT) is a Great Momentum Stock to Buy

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: MakeMyTrip (MMYT) - MakeMyTrip currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [2][3] - The stock has shown significant price increases, with a 3.61% rise over the past week, and a 35.92% increase over the past month, outperforming the Zacks Internet - Delivery Services industry, which rose 0.86% and 8.51% respectively [5] - Over the past quarter, MMYT shares have risen 48.73%, and 224.6% over the last year, compared to the S&P 500's increases of 5.91% and 30.04% [6] Trading Volume - MMYT's average 20-day trading volume is 776,378 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for MMYT has increased, raising the consensus estimate from $1.46 to $1.60 for the full year, with no downward revisions [9] - For the next fiscal year, one estimate has also moved upwards, indicating positive sentiment in earnings expectations [9] Conclusion - Given the strong performance metrics and positive earnings outlook, MMYT is positioned as a promising investment opportunity with a Momentum Score of B and a Zacks Rank of 1 (Strong Buy) [10]