Stock On Watch: Could MakeMyTrip Limited Rise Even More? The Stock Had Another Big Increase Today

Stock On Watch: Could MakeMyTrip Limited Rise Even More? The Stock Had Another Big Increase Today

The stock of MakeMyTrip Limited (NASDAQ:MMYT) is a huge mover today! About 1.94 million shares traded hands or 798.83% up from the average. MakeMyTrip Limited (NASDAQ:MMYT) has risen 7.82% since March 15, 2016 and is uptrending. It has outperformed by 2.34% the S&P500.
The move comes after 9 months positive chart setup for the $1.21B company. It was reported on Oct, 18 by Barchart.com. We have $35.88 PT which if reached, will make NASDAQ:MMYT worth $254.10 million more.

Analysts await MakeMyTrip Limited (NASDAQ:MMYT) to report earnings on November, 3. They expect $-0.75 earnings per share, down 188.46% or $0.49 from last year’s $-0.26 per share. After $-0.34 actual earnings per share reported by MakeMyTrip Limited for the previous quarter, Wall Street now forecasts 120.59% negative EPS growth.

MakeMyTrip Limited (NASDAQ:MMYT) Ratings Coverage

Out of 4 analysts covering MakeMyTrip (NASDAQ:MMYT), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. MakeMyTrip has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Nomura on Friday, June 3. The company was downgraded on Tuesday, February 23 by Nomura. Deutsche Bank downgraded the shares of MMYT in a report on Friday, October 30 to “Hold” rating.

According to Zacks Investment Research, “MakeMyTrip Limited is an online travel service company which offers travel products and solutions in India and the United States. The Company’s services and products include air tickets, customized holiday packages, hotel booking, railway tickets, bus tickets, car hire and facilitating access to travel insurance. MakeMyTrip Limited is the parent company of MakeMyTrip (India) Private Limited and MakeMyTrip.com Inc. Through its primary website, www.makemytrip.com, and other technology-enhanced platforms, the Company provides access to all major domestic full-service and low-cost airlines operating in India, all major airlines operating to and from India, a wide selection of hotels in and outside India, Indian Railways and several major Indian bus operators. MakeMyTrip Limited is based in Gurgaon, India.”

More news for MakeMyTrip Limited (NASDAQ:MMYT) were recently published by: Streetinsider.com, which released: “MakeMyTrip Limited (MMYT), ibibo Group to Consolidate Indian Travel Businesses” on October 18, 2016. Quotes.Wsj.com‘s article titled: “MakeMyTrip Ltd. MMYT (US: Nasdaq)” and published on February 12, 2011 is yet another important article.

MMYT Company Profile

MakeMyTrip Limited, incorporated on April 28, 2000, is an online travel firm in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. The Company’s divisions include Air ticketing; Hotels and packages, and Others. The Air ticketing segment provides the facility to book international and domestic air tickets through an Internet platform. The Hotels and packages segment provides holiday packages and hotel reservations through an Internet platform, call-centers and branch offices. The Company’s Other activities primarily include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.

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