MakeMyTrip Limited (MMYT) has risen sharply, recording gains of 17.09% in the past 4 weeks. However, the stock has corrected -1.67% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 16.64% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
MakeMyTrip Limited is up 16.39% in the last 3-month period. Year-to-Date the stock performance stands at 13.4%. The stock has recorded a 20-day Moving Average of 4.9% and the 50-Day Moving Average is 16.59%.
MakeMyTrip Limited (NASDAQ:MMYT): The stock opened at $19.73 on Friday but the bulls could not build on the opening and the stock topped out at $19.80 for the day. The stock traded down to $19.42 during the day, due to lack of any buying support eventually closed down at $19.46 with a loss of -1.52% for the day. The stock had closed at $19.76 on the previous day. The total traded volume was 71,533 shares.
Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of MakeMyTrip Limited (NASDAQ:MMYT). Jefferies has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $19.8 per share from a prior target of $19.1. The rating by the firm was issued on July 29, 2016.
MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (India) Private Limited (MMT India). Through its primary Website, www.makemytrip.com, or MakeMyTrip.com, its subsidiaries websites, such as www.hoteltravel.com, www.makemytrip.ae, www.makemytrip.com.sg, and other technology-enhanced distribution channels in India, including its call centers, travel stores and travel agents network, travelers can research, plan and book a wide range of travel services and products in India, as well as overseas. Its services and products include air tickets, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to travel insurance.