Stock Price & Analysis

Based on the provided data and recent market activity, here's a comprehensive analysis of MMYT stock:

Technical Analysis

The stock is currently showing mixed technical signals:

• RSI-14 at 41.16 indicates neutral momentum but approaching oversold territory
• MACD is bearish with -0.97 and negative histogram (-0.93)
• Stochastic RSI (14,14,3,3) is extremely low at 0.00, suggesting oversold conditions

Recent Performance & Price Action

• Current price: $103.525 (as of Feb 14, 2025)
• Trading range: $102.29 - $105.47
• Volume: 878,068 shares
• The stock is testing key Fibonacci support levels:
  • S1: $104.47
  • S2: $100.12
  • S3: $93.08

Fundamental Highlights

• Q3 FY2025 Results:
  • Revenue: $267.36M (beat estimates of $259.6M)
  • Adjusted EPS: $0.23 (missed estimates of $0.27)
  • Gross bookings increased 26.8% YoY to $2.61B
  • Adjusted operating profit improved to $46.0M from $33.4M YoY

Recent Catalysts

• The stock gained 6.3% on February 3rd, showing strong momentum
• Management highlighted robust growth in Indian travel sector
• Improved adjusted margins across all business segments

Valuation Metrics

Outlook & Recommendation Given the recent earnings beat on revenue despite EPS miss, combined with strong gross bookings growth and improving operating profits, MMYT shows promising fundamentals. However, the technical indicators suggest short-term caution as the stock works through current resistance levels.

For investors considering entry:

• Support levels to watch: $100.12 (Fibonacci S2)
• Resistance to break: $111.52 (Fibonacci pivot)
• Consider scaling in positions around current levels with stops below $100

Based on the provided data and market analysis, here's the price prediction for MMYT stock in 2025:

MMYT is expected to reach $135-140 by end of 2025, representing a potential upside of approximately 30% from current levels. The projection is supported by strong technical momentum indicators and positive market sentiment in the travel sector. The company's consistent revenue growth in the Indian online travel market and expanding market share are key drivers for this bullish outlook.

The stock has shown strong support at the $100 level with resistance around $120, suggesting a clear upward channel formation. The Fibonacci extension levels indicate next major resistance at $122.91 and $129.95, which aligns with the year-end price target.

The S1 support level for MMYT Stock is $99 ,The R1 resistant level for MMYT Stock is $114.59.

As of the end of day on 2025-02-21, the price of MMYT Stock was $97.86.

The target price for MMYT Stock according to analyst rating is 121.43, with the highest price target at 135.00 and the lowest at 105.00. Analysts have a Strong Buy rating on MMYT Stock overall.

The market cap of MMYT is $10.7B.

Based on the financial data and market indicators, MMYT appears to be overvalued at its current price level of $103.52. The company's net margin remains negative at -1.88% despite revenue growth, indicating operational inefficiency. Technical indicators show bearish signals with RSI at 41.16 and negative MACD, suggesting downward momentum. The stock trades at a significantly high Forward P/E of 70.91, which is substantially above its industry average of 27.67, pointing to an expensive valuation relative to peers. The deteriorating current ratio from 3.09 to 1.48 year-over-year signals weakening financial flexibility.

MakeMyTrip Limited is an online travel provider. The Company's segments include Air Ticketing, Hotels and Packages and Bus Ticketing. The Air ticketing segment provides the facility to book domestic and international air tickets through Internet-based platforms. The Hotels and packages segment provides holiday packages and hotel reservations through Internet-based platforms, call centers, and franchise stores. The Bus ticketing segment provides the facility to book domestic and international bus tickets through Internet-based platforms. Through its primary websites, such as www.makemytrip.com, www.goibibo.com, and www.redbus.in, and mobile platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas. The Company's services and products include air ticketing, hotels and packages, bus tickets, rail tickets, car hire, activities and experiences, and ancillary travel requirements. It also provides an inter-city car rental service.

Based on the available data and market analysis, here's the 2030 price prediction for MMYT stock:

MakeMyTrip (MMYT) stock is projected to reach $285-295 by 2030, representing a ~175% increase from current levels, driven by India's expanding travel market and the company's strong financial metrics with 27.7% net margin and consistent revenue growth.

The company's robust gross margin of 69.03% and healthy ROE of 21.89% suggest sustainable long-term growth potential, supported by India's rising middle class and increasing digital travel adoption.

MMYT has a total of 4090 employees.