MMYT Stock Summary and Trading Ideas (Makemytrip Limited - | NASDAQ:MMYT)

MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.

Makemytrip Limited - trades on the NASDAQ stock market under the symbol MMYT.

As of July 17, 2026, MMYT stock price climbed to $54.62 with 772,958 million shares trading.

MMYT has a beta of 2.08, meaning it tends to be more sensitive to market movements. MMYT has a correlation of 0.22 to the broad based SPY ETF.

MMYT has a market cap of $5.18 billion. This is considered a Mid Cap stock.

Last quarter Makemytrip Limited - reported $282 million in Revenue and $.32 earnings per share. This beat revenue expectation by $6 million and missed earnings estimates by -$.05.

In the last 3 years, MMYT traded as high as $123.00 and as low as $28.13.

The top ETF exchange traded funds that MMYT belongs to (by Net Assets): JETS, SPEM, SMLF, VT, INQQ.

MMYT has underperformed the market in the last year with a price return of -42.8% while the SPY ETF gained +19.5%. However, in the short term, MMYT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.1% vs +4.9% return in SPY. But in the last 2 weeks, MMYT shares have been beat by the market, returning -6.3% compared to an SPY return of -0.2%.

MMYT support price is $52.31 and resistance is $56.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MMYT shares will trade within this expected range on the day.