MakeMyTrip remains a buy as travel disruptions ease and platform growth stays strong.

MakeMyTrip (MMYT) is recommended as a buy despite recent growth slowdowns caused by temporary travel disruptions, not fundamental demand issues. The company's platform shows resilience with strong growth in hotels, packages, and bus segments offsetting weakness in air travel. Valuation has become more attractive at 27x next twelve months price-to-earnings, reflecting market de-rating due to conflict rather than business deterioration. As travel disruptions ease and non-air segments remain robust, MMYT is well-positioned for recovery in profits and bookings.