MakeMyTrip (NASDAQ:MMYT) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Posted by George Bondi on Nov 5th, 2026

MakeMyTrip Limited (NASDAQ:MMYT – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $50.54 and traded as high as $51.64. MakeMyTrip shares last traded at $50.75, with a volume of 1,280,671 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America cut their price objective on MakeMyTrip from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. Weiss Ratings upgraded shares of MakeMyTrip from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 26th. Zacks Research cut shares of MakeMyTrip from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.25.

Check Out Our Latest Research Report on MakeMyTrip

MakeMyTrip Stock Performance

The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 253.76 and a beta of 1.04. The business’s 50 day moving average is $47.94 and its 200 day moving average is $50.54.

MakeMyTrip (NASDAQ:MMYT – Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The technology company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.43. The firm had revenue of $235.16 million during the quarter, compared to analyst estimates of $269.09 million. MakeMyTrip had a negative return on equity of 312.82% and a net margin of 3.91%. Research analysts expect that MakeMyTrip Limited will post 1.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Temasek Holdings Private Ltd bought a new position in MakeMyTrip in the 1st quarter worth approximately $63,447,000. Hsbc Holdings PLC bought a new position in shares of MakeMyTrip during the 4th quarter worth about $4,512,000. Sei Investments Co. increased its holdings in shares of MakeMyTrip by 17.5% during the 1st quarter. Sei Investments Co. now owns 652,971 shares of the technology company’s stock worth $24,349,000 after purchasing an additional 97,377 shares during the period. Flossbach Von Storch SE acquired a new position in shares of MakeMyTrip during the second quarter valued at about $2,664,000. Finally, Coronation Fund Managers Ltd. raised its position in shares of MakeMyTrip by 22.5% during the first quarter. Coronation Fund Managers Ltd. now owns 1,532,202 shares of the technology company’s stock valued at $57,136,000 after buying an additional 280,923 shares during the last quarter. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Company Profile

(Get Free Report)

MakeMyTrip Limited is an online travel company serving consumers in India and international travelers booking trips to and from the country. Founded in 2000 by Deep Kalra, the company operates through a portfolio of travel brands, including MakeMyTrip, Goibibo and redBus.

The company provides online and mobile booking services for domestic and international flights, hotels and other accommodations, holiday packages, trains, buses, car rentals and airport transfers. Through redBus, it also offers bus ticketing services across India and selected international markets.