MakeMyTrip (MMYT) is upgraded from 'Sell' to 'Buy' after a 55% correction, offering an attractive entry point for long-term investors. MMYT commands a dominant 55-60% market share in India's online travel agency sector, well-positioned to benefit from India's 12-15% travel industry CAGR. Diversified revenue streams—air, hotels, bus, and corporate travel—support growth; bus ticketing led with 27.3% YoY growth in FY26 YTD.