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MakeMyTrip (MMYT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
GURUGRAM, India & NEW YORK--(BUSINESS WIRE)---- $MMYT #Goibibo--MakeMyTrip Limited plans to report its fiscal 2025 second quarter financial and operating results before markets open on Wednesday, October 23, 2024.
Here is how MakeMyTrip (MMYT) and Bridgeline Digital, Inc. (BLIN) have performed compared to their sector so far this year.
Shares of MakeMyTrip Ltd (MMYT, Financial) fell 5.17% in mid-day trading on Oct 2. The stock reached an intraday low of $86.64, before recovering slightly to $86.93, down from its previous close of $91.67.
MakeMyTrip (MMYT) closed at $94.96 in the latest trading session, marking a +0.48% move from the prior day.
Here is how MakeMyTrip (MMYT) and Infosys (INFY) have performed compared to their sector so far this year.
In the closing of the recent trading day, MakeMyTrip (MMYT) stood at $101.23, denoting a +1.38% change from the preceding trading day.
Shares of Indian travel and tourism company MakeMyTrip Ltd. (MMYT) have more than doubled on the back of record bookings.
Buy rating for MakeMyTrip due to its robust long-term growth runway supported by a strong domestic and international travel industry. MMYT is the largest player in India's online travel agency market, with strong revenue growth and margin expansion potential. The expected target price for MMYT is $111 based on a 9.2x forward revenue multiple.
In June 2010, Tesla (NASDAQ: TSLA ) was listed with a market valuation of $2.23 billion. Currently, the EV maker commands a market valuation of $785 billion.