MakeMyTrip Limited (MMYT)Consumer Cyclical | Travel Services | Gurugram, India | NasdaqGS
51.02 USD
+3.17
(6.625%)
⇧
(April 17, 2026, 4 p.m.
EDT)
After hours: 51.50 +0.48 (0.941%) ⇧ (April 17, 2026, 7:09 p.m. EDT) Short-term: ★★★★★ | Long-term: ★☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 18, 2026, 10:50 p.m. EDT
Stock is a high-conviction short-term rebound play following a sharp correction from 52-week highs, showing strong call anchoring at the 40-50 strikes and a volume spike in 90-strike August calls suggesting a pain ceiling near 90. However, the long-term thesis remains severely damaged; selling at a loss and heavy debt servicing suggest a 'sell the news' event rather than structural growth, making any bounce a trading opportunity rather than a buy-and-hold setup. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.111512 |
| MSTL | 0.254317 |
| AutoETS | 0.254533 |
| AutoTheta | 0.262533 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 42% |
| H-stat | 23.05 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.194 |
| Excess Kurtosis | -0.94 |
| Attribute | Value |
|---|---|
| Sector | Consumer Cyclical |
| Revenue per Share | 9.809 |
| Market Cap | 4,854,419,968 |
| Trailing P/E | 98.12 |
| Forward P/E | 24.92 |
| Beta | 0.83 |
| Profit Margins | 5.46% |
| Website | https://www.makemytrip.com |
As of April 18, 2026, 10:50 p.m. EDT: Options flow shows a distinct short-term bullish asymmetry with IMBs. In the April 17 (weekly) expiration, near-of-the-money (40-50 strikes) calls hold massive open interest relative to puts. The most telling signal is in the August 21 wings: at the 90 strike, call volume exceeds open interest (802 vol vs 380 OI), indicating aggressive delta hedging or price targeting above current levels. While long-dated puts (at 30-50 strikes) show accumulation across all expirations, this appears to be a defensive floor given the stock's history of sharp drops, whereas the call activity represents active directional intent to price stabilization above 45-50. Implied volatility is low across the board except for the February 17 ATM calls, which may signal an anticipated rebound prior to a report or earnings drift.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.4917314 |
| Address1 | Building No. 5 |
| Address2 | 19th Floor DLF Cyber City |
| All Time High | 123.0 |
| All Time Low | 10.0 |
| Ask | 63.04 |
| Ask Size | 2 |
| Average Analyst Rating | 1.2 - Strong Buy |
| Average Daily Volume10 Day | 1,752,110 |
| Average Daily Volume3 Month | 2,063,466 |
| Average Volume | 2,063,466 |
| Average Volume10Days | 1,752,110 |
| Beta | 0.83 |
| Bid | 36.93 |
| Bid Size | 2 |
| Book Value | -0.119 |
| City | Gurugram |
| Compensation As Of Epoch Date | 1,640,908,800 |
| Country | India |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 51.02 |
| Current Ratio | 1.855 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 51.385 |
| Day Low | 48.98 |
| Display Name | MakeMyTrip |
| Earnings Call Timestamp End | 1,768,998,600 |
| Earnings Call Timestamp Start | 1,768,998,600 |
| Earnings Growth | -0.696 |
| Earnings Quarterly Growth | -0.732 |
| Earnings Timestamp | 1,769,002,200 |
| Earnings Timestamp End | 1,778,675,400 |
| Earnings Timestamp Start | 1,778,675,400 |
| Ebitda | 165,832,992 |
| Ebitda Margins | 0.15956001 |
| Enterprise To Ebitda | 33.685 |
| Enterprise To Revenue | 5.375 |
| Enterprise Value | 5,586,018,816 |
| Eps Current Year | 1.61098 |
| Eps Forward | 2.04713 |
| Eps Trailing Twelve Months | 0.52 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 91 12 4439 5100 |
| Fifty Day Average | 48.3774 |
| Fifty Day Average Change | 2.642601 |
| Fifty Day Average Change Percent | 0.054624703 |
| Fifty Two Week Change Percent | -49.17314 |
| Fifty Two Week High | 113.85 |
| Fifty Two Week High Change | -62.829998 |
| Fifty Two Week High Change Percent | -0.5518665 |
| Fifty Two Week Low | 32.67 |
| Fifty Two Week Low Change | 18.350002 |
| Fifty Two Week Low Change Percent | 0.56167746 |
| Fifty Two Week Range | 32.67 - 113.85 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,281,619,800,000 |
| Float Shares | 25,155,231 |
| Forward Eps | 2.04713 |
| Forward P E | 24.922695 |
| Free Cashflow | 126,867,872 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 5,122 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.57673 |
| Gross Profits | 599,417,024 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.16674 |
| Held Percent Institutions | 1.0909101 |
| Implied Shares Outstanding | 95,147,388 |
| Industry | Travel Services |
| Industry Disp | Travel Services |
| Industry Key | travel-services |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,743,379,200 |
| Long Business Summary | MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air ticketing, hotels and packages, bus tickets, rail tickets, and car hire; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products, foreign currency exchange services, and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands. The company allows travelers to research, plan, and book a range of travel services and products in India and internationally through its primary websites, including makemytrip.com, goibibo.com, redbus.in, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, franchisee-owned travel stores, and travel agents' network, as well as its mobile applications. It primarily serves leisure travelers and corporates. The company was formerly known as International Web Travel Private Limited and changed its name to MakeMyTrip Limited in March 2010. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India. |
| Long Name | MakeMyTrip Limited |
| Market | us_market |
| Market Cap | 4,854,419,968 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_109916200 |
| Most Recent Quarter | 1,767,139,200 |
| Net Income To Common | 56,754,000 |
| Next Fiscal Year End | 1,774,915,200 |
| Non Diluted Market Cap | 4,840,124,135 |
| Number Of Analyst Opinions | 10 |
| Open | 50.0 |
| Operating Cashflow | 223,942,000 |
| Operating Margins | 0.13828 |
| Payout Ratio | 0.0 |
| Peg Ratio | 5.39 |
| Phone | 91 12 4439 5000 |
| Post Market Change | 0.47999954 |
| Post Market Change Percent | 0.9408066 |
| Post Market Price | 51.5 |
| Post Market Time | 1,776,467,350 |
| Previous Close | 47.85 |
| Price Eps Current Year | 31.670162 |
| Price Hint | 2 |
| Price To Book | -428.7395 |
| Price To Sales Trailing12 Months | 4.670689 |
| Profit Margins | 0.05461 |
| Quick Ratio | 1.593 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.2 |
| Region | US |
| Regular Market Change | 3.17 |
| Regular Market Change Percent | 6.62487 |
| Regular Market Day High | 51.385 |
| Regular Market Day Low | 48.98 |
| Regular Market Day Range | 48.98 - 51.385 |
| Regular Market Open | 50.0 |
| Regular Market Previous Close | 47.85 |
| Regular Market Price | 51.02 |
| Regular Market Time | 1,776,456,001 |
| Regular Market Volume | 2,582,362 |
| Return On Assets | 0.05049 |
| Return On Equity | 0.09551 |
| Revenue Growth | 0.106 |
| Revenue Per Share | 9.809 |
| Sand P52 Week Change | 0.38150132 |
| Sector | Consumer Cyclical |
| Sector Disp | Consumer Cyclical |
| Sector Key | consumer-cyclical |
| Shares Outstanding | 89,571,502 |
| Shares Percent Shares Out | 0.0916 |
| Shares Short | 8,687,674 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 7,622,073 |
| Short Name | MakeMyTrip Limited |
| Short Percent Of Float | 0.1184 |
| Short Ratio | 4.81 |
| Source Interval | 15 |
| Symbol | MMYT |
| Target High Price | 117.0 |
| Target Low Price | 60.0 |
| Target Mean Price | 88.1 |
| Target Median Price | 85.0 |
| Total Cash | 814,105,984 |
| Total Cash Per Share | 8.333 |
| Total Debt | 1,411,121,024 |
| Total Revenue | 1,039,337,024 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.52 |
| Trailing P E | 98.11539 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 77.12555 |
| Two Hundred Day Average Change | -26.105549 |
| Two Hundred Day Average Change Percent | -0.33848122 |
| Type Disp | Equity |
| Volume | 2,582,362 |
| Website | https://www.makemytrip.com |
| Zip | 122,002 |