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MakeMyTrip: Strong Results To Take Stock Higher

MakeMyTrip (NASDAQ:MMYT), which is an online travel company, providing travel products and solutions in India declined by 9.6% on January 30, 2015 after the company reported 3Q15 results the prior day. The stock declined as MakeMyTrip reported a loss of $3.6 million for the quarter. However, a deeper analysis of the results and the company's outlook suggests that the results have underlying strength and the correction is therefore a buying…