(MMYT) MakeMyTrip - Ratings and Ratios

MakeMyTrip Limited is a leading online travel company that offers a comprehensive range of travel products and services, catering to the diverse needs of leisure and corporate travelers. The companys business is segmented into Air Ticketing, Hotels and Packages, and Bus Ticketing, providing customers with a one-stop-shop for booking air and bus tickets, hotels, packages, rail tickets, and car hire, as well as ancillary travel requirements such as travel insurance, foreign currency exchange, and visa processing.

The companys strong brand portfolio, including MakeMyTrip, Goibibo, and redBus, enables it to reach a wide customer base through multiple distribution channels, including its websites, call centers, travel stores, and travel agents network, as well as its mobile service platform. With a presence in India and international markets, MakeMyTrip Limited is well-positioned to capitalize on the growing demand for online travel services.

Analyzing the companys , we observe that the stock is currently trading at $100.06, with a 20-day SMA of $102.37 and a 50-day SMA of $102.28, indicating a slight downward trend. The 200-day SMA is at $103.61, suggesting a longer-term bearish trend. The ATR is 4.43, representing a 4.43% volatility. Considering the , the companys Market Cap stands at $11.348 billion, with a P/E ratio of 124.54, indicating a relatively high valuation. The RoE is 20.95%, suggesting a decent return on equity.

Based on the and , our forecast suggests that the stock may face resistance at $111.3, with support levels at $94.5 and $75.0. Given the current trend and valuation, we expect the stock to trade within a range of $90 to $110 in the short term. A breakout above $111.3 could lead to a retest of the 52-week high of $120.46, while a decline below $94.5 may result in a further drop to $75.0. Investors should closely monitor the companys future earnings and industry trends to reassess their investment decisions.