MakeMyTrip offers a favorable analyst upside of 35% and strong cash conversion, but consecutive earnings misses and high implied volatility of 129% leave the risk-reward skewed toward caution until business fundamentals recover.
Thesis pillars
- Cash Conversion Quality→Stable
- Earnings Miss Pattern↓Deteriorating
- Analyst Upside Potential→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026· older than 90 days
MakeMyTrip Limited (MMYT) Stock Analysis
Momentum Cont setup
Consumer Cyclical · Travel Services
Sell if holding. At $50.75, A.R:R 1.1:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Consumer Cyclical): -1.5; Weak growth.
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... Read more
Sell if holding. At $50.75, A.R:R 1.1:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Consumer Cyclical): -1.5; Weak growth. Chart setup: Trend continuation, RSI 60, MACD bullish. Score 5.3/10, high confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 75d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: speculative.
Recent developments
updated Oct 22, 2026Recent Developments — MakeMyTrip Limited
Latest news
- NEWS MakeMyTrip Ltd (MMYT) Shares Fall 3.5% -- What GF Score of 67 Te - GuruFocus — GuruFocus Oct 22, 2026 negative
- NEWS What Is Behind the 3% Drop in MakeMyTrip (NASDAQ:MMYT) Shares Before Its Fiscal Second-Quarter Earnings? - kalkine.ca — kalkine.ca Oct 21, 2026 negative
- NEWS ETFs Investing in MakeMyTrip Ltd. Stocks - TradingView — TradingView Jul 29, 2026 neutral
- NEWS ETFs Investing in MakeMyTrip Ltd. Stocks - tradingview.com — tradingview.com Jul 29, 2026 neutral
- NEWS MMYT|MakeMyTrip Ltd|Price:56.450|Chg%:-0.700 - TradingKey — TradingKey Jul 29, 2026 neutral
Latest item Oct 22, 2026 · Generated 2026-11-05T11:54:12Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
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Rating Breakdown
3 floor-breakers
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $50.75, A.R:R 1.1:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Consumer Cyclical): -1.5; Weak growth. Chart setup: Trend continuation, RSI 60, MACD bullish. Prior stop was $47.20. Score 5.3/10, high confidence.
Analyst target: $58.90 (+16.1% upside). Prior stop was $47.20. Stop-loss: $47.20.
Sector modifier (Consumer Cyclical): -1.5; Weak growth.
MakeMyTrip Limited trades at a P/E of 188.0 (forward 21.2). TrendMatrix value score: 5.7/10. Verdict: Sell.
17 analysts rate MMYT, with a consensus score of 4.4/5. 10 analysts publish price targets averaging $68.
What does MakeMyTrip Limited do?MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States,...
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.