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→Stable
- Analyst Upside Potential↑Improving
- +1 more pillar — see the Why tab for full reasoning
MakeMyTrip Limited (MMYT) Stock Analysis
Falling Knife setup
Consumer Cyclical · Travel Services
Sell if holding. Engine safety override at $46.75: Risk below floor (2.6 < 3.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.5/10 and A.R:R 4.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 14%; Elevated put/call ratio: 15.00; Negative price momentum.
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. Engine safety override at $46.75: Risk below floor (2.6 < 3.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.5/10 and A.R:R 4.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 14%; Elevated put/call ratio: 15.00; Negative price momentum. Chart setup: Death cross, below all MAs, RSI 16, MACD bearish. Score 5.5/10, moderate confidence.
Passes 7/9 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 31d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: speculative.
Recent developments
updated 2026-09-26Recent Developments — MakeMyTrip Limited
Latest news
- NEWS ETFs Investing in MakeMyTrip Ltd. Stocks - TradingView — TradingView neutral
- NEWS ETFs Investing in MakeMyTrip Ltd. Stocks - tradingview.com — tradingview.com neutral
- NEWS MMYT|MakeMyTrip Ltd|Price:56.450|Chg%:-0.700 - TradingKey — TradingKey neutral
- NEWS MakeMyTrip Ltd (MMYT) Technical Analysis: Support, Resistance, Indicators & Moving Averages - TradingKey — TradingKey neutral
- NEWS MMYT|MakeMyTrip Ltd|Price:56.450|Chg%:-0.700 - tradingkey.com — tradingkey.com neutral
Generated 2026-09-26T04:42:01Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers
Risk profile below the gate floor. Component breakdown shows what dragged the score down.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $46.75: Risk below floor (2.6 < 3.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.5/10 and A.R:R 4.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 14%; Elevated put/call ratio: 15.00; Negative price momentum. Chart setup: Death cross, below all MAs, RSI 16, MACD bearish. Prior stop was $44.72. Score 5.5/10, moderate confidence.
Take-profit target: $65.60 (+40.3% upside). Prior stop was $44.72. Stop-loss: $44.72.
Risk below floor (2.6 < 3.0).
MakeMyTrip Limited trades at a P/E of 203.8 (forward 18.9). TrendMatrix value score: 6.6/10. Verdict: Sell.
17 analysts cover MMYT with a consensus score of 4.4/5. Average price target: $75.
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.