Published on 20 Jun 2024 on Simply Wall St. · via Yahoo Finance
Are Robust Financials Driving The Recent Rally In MakeMyTrip Limited's...
MakeMyTrip's (NASDAQ:MMYT) stock is up by a considerable 17% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to MakeMyTrip's ROE today.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits.