Shares of MakeMyTrip (NASDAQ: MMYT) dipped 13.2% in April, according to data from S&P Global Market Intelligence. India faced surging COVID-19 infections and deaths, and it's not surprising that the travel company -- which is based in that country -- saw its valuation pressured. India saw relatively low levels of coronavirus in 2020, but confirmed cases and related deaths rose dramatically in April, and the situation created a weakened outlook for MakeMyTrip and the country's overall travel industry.
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