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↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
MakeMyTrip Limited (MMYT) Stock Analysis
Recovery setup
Consumer Cyclical · Travel Services
Sell if holding. At $60.42, A.R:R 0.6:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 8.6%; Consecutive earnings misses (2).
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 $60.42, A.R:R 0.6:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 8.6%; Consecutive earnings misses (2). Chart setup: Death cross but MACD improving, RSI 73. Score 5.4/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 73d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: speculative.
Recent developments
updated 2026-08-15Recent 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 2026-08-15T09:37:16Z.
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.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
2 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
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $60.42, A.R:R 0.6:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 8.6%; Consecutive earnings misses (2). Chart setup: Death cross but MACD improving, RSI 73. Prior stop was $56.19. Score 5.4/10, moderate confidence.
Take-profit target: $65.60 (+8.6% upside). Prior stop was $56.19. Stop-loss: $56.19.
Thin upside margin: 8.6%; Consecutive earnings misses (2).
MakeMyTrip Limited trades at a P/E of 264.1 (forward 25.1). TrendMatrix value score: 5.5/10. 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.