Equites Radar

MMYT · MakeMyTrip Limited

Travel ServicesIndiaAnalyst view: none

$50.09

+2.06% last session

End-of-day data · close of 2026-09-11

Mildly bearish1 bullish · 3 bearish technical signals
To mean target: +53.6%

Market cap

$5B

Enterprise value

$5B

Trailing P/E

213.4

Forward P/E

19.8

Dividend yield

Beta

1.00

Avg volume

1M

Employees

6K

Daily Change %

2.06%

5 Days Change

-11.79%

10 Days Change

-15.79%

30 Days Change

-20.11%

60 Days Change

-16.31%

Month to Day Change

-12.60%

Year to Day Change

-40.26%

Analyst Outlook

Consensus rating
Recommendation mean (1–5)
Covering analysts10
Mean price target$75.40
Low price target$65.00
Upside to mean target+53.6%

Analyst estimates change daily — follow the shifts on the Estimate Trends page.

Technical Analysis

RSI (14)31.8
50-day MA$57.15
200-day MA$56.57
Price vs 50-day MA-12.4%
Price vs 200-day MA-11.5%
MACD histogram-1.28
Volume vs 3-month avg0.7×
52w low $36.3052w high $101.87

Analyst sentiment over time — MMYT

Rec Mean (blue, left — higher = more bullish) vs. price targets (right).

Investment Bank Ratings as of 2026-07-02

Latest call per bank · past 12 months

HSBC

Buy

$70.00

+42.6% vs price
▲ raised from $0.00Initiates · 2026-07-02

Citigroup

Buy

$80.00

+63.0% vs price
▼ cut from $96.00Maintains · 2026-04-13

Bank of America

Buy

$113

+130.2% vs price
▼ cut from $115Maintains · 2025-12-24

Recent rating actions

DateFirmActionRatingPrice target
2026-07-02HSBCInitiatesBuy$0.00 $70.00
2026-04-13CitigroupMaintainsBuy$96.00 $80.00
2026-01-21CitigroupMaintainsBuy$108 $96.00
2025-12-24Bank of AmericaMaintainsBuy$115 $113

Ratings and price targets are the published opinions of the issuing banks, compiled from Yahoo Finance rating actions — not investment advice.

Signal Summary as of 2026-09-11

  • RSI (14): RSI is 32 — neutral momentum, neither overbought nor oversold.
  • Price vs 50-day MA: Trading 12.3% below the 50-day MA ($57.15).
  • Price vs 200-day MA: Trading 11.4% below the 200-day MA ($56.57).
  • MA cross: The 50-day MA sits above the 200-day MA (golden-cross regime) — the longer-term trend points up.
  • MACD (12,26,9): MACD histogram is negative (-1.28) — short-term momentum is fading.
  • 52-week range: Price sits between the 52-week low ($36.30) and high ($101.87).

MMYT Price Chart

Loading chart for MMYT

Fundamentals

Revenue (TTM)$1.0B
EBITDA$0M
Free cash flow$0M
Operating cash flow$0M
Book value / share$-0.72
Net Debt / EBITDA3.8
WACC10.0%
Revenue growth6.00%
Earnings growth-61.00%

About MakeMyTrip Limited

MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, Saudi Arabia, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air tickets, hotels and alternative accommodations, holiday packages, bus tickets, rail tickets, car hire, tours and attractions, travel assurance products and add-on products for bookings; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products; and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands, as well as foreign exchange, prepaid forex cards, cross-border remittances and related financial services. The company allows travelers to research, plan, and book a range of travel services and products in India and internationally through its primary websites, including makemytrip.com, goibibo.com, redbus.in, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, franchisee-owned travel stores, and travel agents' network, as well as its mobile applications. It primarily serves leisure travelers and corporates. The company was formerly known as International Web Travel Private Limited and changed its name to MakeMyTrip Limited in March 2010. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.

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Data is sourced from end-of-day snapshots and refreshed daily before the US market open — nothing on this page is real-time. Figures can contain vendor errors. This page is for information only and is not investment advice.