MMYT Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
MakeMyTrip Ltd is not a strong buy at the moment for a beginner investor with a long-term focus. The technical indicators are bearish, financial performance shows declining profitability, and there are no strong positive catalysts or trading signals to justify immediate entry. A hold strategy is recommended until clearer positive trends emerge.
The technical indicators are bearish. The MACD is below 0 and negatively contracting, RSI is neutral at 26.573, and moving averages indicate a bearish trend (SMA_200 > SMA_20 > SMA_5). The stock is trading near its key support level at 39.092, with resistance at 42.708.
The stock has an 80% chance of gaining 4.22% in the next week and 6.61% in the next month based on historical patterns. Analysts maintain a Buy/Overweight rating, citing attractive valuation and solid growth despite challenges.
The company's Q3 financials show a significant decline in net income (-73.18% YoY) and EPS (-69.57% YoY), along with a slight drop in gross margin. Technical indicators are bearish, and there is no recent news or congress trading data to suggest a positive catalyst.
In Q3 2026, revenue increased by 10.59% YoY to $295.7M, but net income dropped by 73.18% YoY to $7.25M, and EPS fell by 69.57% YoY to $0.07. Gross margin slightly decreased to 67.93%, down 0.88% YoY.
Analysts have lowered their price targets (Citi: $96 from $108, Morgan Stanley: $106 from $113) but maintain Buy/Overweight ratings, citing attractive valuation and solid growth despite reduced margin expectations.
