(MMYT) MakeMyTrip - Ratings and Ratios

MakeMyTrip Limited (NASDAQ:MMYT) is a leading online travel company that provides a comprehensive range of travel products and services. The company operates through three primary segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. Its offerings include air and bus ticket booking, hotel and package reservations, rail tickets, car hire, and ancillary travel services such as insurance, foreign currency exchange, and visa processing. These services are available under the MakeMyTrip, Goibibo, and redBus brands. The platform enables travelers to research, plan, book, and purchase travel services through its websites, including makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae, as well as through call centers, travel stores, and a network of travel agents. Additionally, the company provides mobile-based services to enhance user convenience. MakeMyTrip Limited, originally incorporated in 2000 as International Web Travel Private Limited, rebranded in March 2010 and is headquartered in Gurugram, India.

Based on the provided data, here is a 3-month forecast for MakeMyTrip Limited:

Technical Outlook: The stock is currently trading at 104.15, above its 20-day SMA of 99.26 but below its 50-day SMA of 98.06. The 200-day SMA stands at 101.44, indicating a potential bullish trend in the medium term. The ATR of 5.06 suggests moderate volatility. Resistance levels at 104.4, 109.8, and 118.4 could act as barriers, while support levels at 100.1, 90.5, and 83.5 may provide downside protection.

Fundamental Outlook: With a market cap of $11.34 billion, the company has a P/E ratio of 54.08, reflecting high valuation relative to earnings. The P/B ratio of 9.56 indicates a premium on book value, while the P/S ratio of 12.12 suggests a rich valuation relative to sales. The return on equity (RoE) of 20.06% highlights strong profitability. Over the next three months, the stock is likely to remain range-bound between 90.5 and 109.8, with potential upside if the company reports strong earnings or improves its margin structure.