MMYT MakeMyTrip Limited Transportation Services

MakeMyTrip (MMYT) Stock: Buy, Sell, or Hold?

$51.01
-1.86 (-3.52%) ▼
5d: -0.53% 30d: +16.89% 90d: -15.57%
QUANTITATIVE VERDICT
WAIT
LOW Confidence (39%)
Quality Score
23/100
Position
EXTENDED
30-Day Fair Range
$42.42 – $49.33
Position: EXTENDED
Forward P/E & Valuation
24.9x FAIR
vs 26.0x historical avg
Wall Street Target
$67.70
+32.7% upside
Options IV & Volume
10th pct IV
HIGH volume confirmation
Support / Resistance
$41.74 / $53.11
Trend: Strong Downtrend
💡Executive Thesis & Bottom Line
Forward Earnings Fair Value & Price Prediction →
📊 MIXED SIGNALS: MMYT shows conflicting indicators. Wait for confirmation before entering.

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Interactive Price Chart (1 Month)

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Long-Term Wealth Forecast (2031)

Based on Analyst Consensus Growth & Historical Valuation

0% (Stagnation) 50% (Hyper Growth)
EST. PRICE IN 2031
$99.66
Based on 14.5% avg growth
INTRINSIC VALUE TODAY
$61.88
17.6% Margin of Safety

How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 25.0x Exit PE.

In-depth Analysis How we analyze

Valuation Analysis: MMYT is currently trading at $51.01, which is considered extended relative to its 30-day fair value range of $42.42 to $49.33. The stock's valuation (Forward PE: 24.9) is in line with its historical norms (26.0). Remarkably, the market is currently pricing in an annual earnings decline of 1.5% over the next few years. This aligns with recent fundamental challenges.

Technical Outlook: Technically, MMYT is in a strong downtrend. Immediate support is located at $41.74, while resistance sits at $53.11. Short-term momentum is weak, with the stock down 3.5% recently.

Market Sentiment: MMYT scores 0/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. In the options market, Implied Volatility is low (10th percentile), suggesting options premiums are relatively cheap. This makes it an attractive time for long options strategies if you have a directional bias. Wall Street analysts see significant upside, with an average price target of $67.70 (+32.7%). Current signals suggest waiting for a better entry point before initiating new positions.

Quick Decision Summary

Current Position EXTENDED
Historical Trading Range $42.42 - $49.33
Company Quality Score 23/100 (STRONG SELL)
Options IV Signal 10th percentile (LOW)
Volume Confirmation HIGH
Confidence Score 38.5%

Trading Range & Key Levels

30-Day Trading Range $42.42 - $49.33
Current vs Trading Range EXTENDED
Expected Move (7 Days) ±$5.08 (10.0%)
Support Level $41.74
Resistance Level $53.11
Current Trend Strong Downtrend
Technical data as of Nov 12, 2026

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Quantitative Signal Breakdown

  • BEARISH: Price extended above range
  • BULLISH: Options cheap (IV 10th percentile)
  • BEARISH: Weak technical setup (0/100)
  • BULLISH: High volume confirmation
  • BEARISH: Downward momentum (-3.5%)
  • BULLISH: Trading 32.7% below Wall St target ($67.70)
  • WARNING: Composite score 23/100 in the bottom quintile — this cohort historically lags the market

Fundamental Context

Forward P/E (Next Year Est.) 24.92
Wall Street Target $67.70 (+32.7%)
Revenue Growth (YoY) 2.5%
Earnings Growth (YoY) -60.8%
Profit Margin 3.9%
Valuation Discount vs History -1.5% cheaper
PE vs Historical 24.9 vs 26.0 FAIR
Market-Implied Price Targets If current PE multiple persists
Implied Growth (YoY): -1.5% (market-implied from PE analysis)
1-Year Target $50.24 (-2%)
2-Year Target $49.49 (-3%)
3-Year Target $48.75 (-4%)
3-Yr Target (if PE normalizes) (PE: 25→26) $50.87 (0%)
3-Year Scenarios Using analyst projected EPS growth
Bull: (PE: 24.9, Growth: 27.1%) $104.66 (+105%)
Base: (SPY PE: 19.9, Growth: 27.1%) $83.42 (+64%)
Bear: (PE: 16.9, Growth: 27.1%) $70.90 (+39%)
📈 Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (96x PE), but valuation improves significantly next year (25x PE) as earnings recover.
Forward PE: 96.15 | Forward EPS (Implied): $0.53
Bull Case $61.59 (+21%)
Analyst growth 15.0%, PE expands to 101.0
Base Case $51.01 (0%)
Market implied 0.0%, PE stable at 96.2
Bear Case $39.02 (-24%)
Severe decline -15.0%, PE contracts to 86.5
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
💡 Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 24.9 to 26.0
Stabilization Target: $53.22 (+4.3%)
PE Expansion Potential: +4.3%
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Reddit & Retail Trader Sentiment (MMYT)

Bearish 2 Retail Mentions
Reddit / WSB Comments
1
Bearish
StockTwits Volume
1 msgs
24h retail stream
Last Tracked
Jul 3, 2026
Daily AI digest
AI Retail Discussion Summary: A bullish trader on StockTwits has identified a swing trade target of $64 for $MMYT.
Key Retail Themes: Swing trade target
Aggregated from r/wallstreetbets, r/stocks & StockTwits streams. View All Trending Reddit & WSB Stocks →
Last updated: November 12, 2026 7:30 PM ET
Data refreshes hourly during market hours. Next update: 8:30 PM
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Ticker Score Recommendation Change %
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL

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Part A: Deep-Dive MMYT Research Pages
MMYT Technical Chart MMYT Price Prediction MMYT Intrinsic Value DCF MMYT Earnings Date Why is MMYT Moving Today? MMYT Investment Advisor MMYT Fair Price Analyzer MMYT Options Chain MMYT Options Advisor MMYT Options Analysis MMYT Competitors
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