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December 12, 2012
07:09 EDTMMYTMakeMyTrip would be boosted by Kingfisher Airlines deal, says Oppenheimer
After MakeMyTrip jumped 6.6% yesterday on a report that Abu Dhabi's Etihad Airways is looking to buy a stake in India's Kingfisher Airlines, Oppenheimer believes that such a deal would keep Kingfisher afloat and could pave the way for other foreign airlines to invest in their Indian counterparts. Such a development could cause passenger volumes to increase and benefit MakeMyTrip and other Indian online travel agencies, according to the firm which maintains an Outperform rating on MakeMyTrip.
News For MMYT From The Last 14 Days
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October 10, 2014
07:20 EDTMMYTMakeMyTrip pullback creates buying opportunity, says Oppenheimer
Oppenheimer says yesterday's 10% pullback in shares of MakeMyTrip creates a buying opportunity. The firm believes the positive catalyst from the Online travel sector in India is in the "early innings." It reiterates an Outperform rating on MakeMyTrip with a $32 price target.
October 9, 2014
15:46 EDTMMYTMakeMyTrip volatility increases on wide share price movement
MakeMyTrip October put option implied volatility is at 71, November is a 65, February is at 61; compared to its 26-week average of 54 according to Track Data, suggesting large price movement.
15:40 EDTMMYTMakeMyTrip quickly drops over 15% to $22.67
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