NASDAQ:MMYT
MakeMyTrip (MMYT)
Financials 
Technical Analysis 
Sep 2, 2026, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
MakeMyTrip (MMYT-Q) was once stagnant but made significant gains in late 2023, peaking in late 2024. As a result of widespread fears regarding AI's impact on the industry, the stock has since lost much of its momentum. Despite showing strong performance numbers, MMYT's high Price-to-Earnings (PE) ratio at 33x raises concerns about its valuation when compared to peers like Expedia, which trades at a significantly lower 15x PE. The recent resurgence of competitors in the online travel sector adds further complexity to MMYT's outlook. Investors must weigh the stock's recent trajectory against its valuation and the broader market sentiment.
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MakeMyTrip (MMYT) Frequently Asked Questions
What is MakeMyTrip stock symbol?
MakeMyTrip is a American stock, trading under the symbol MMYT (previously MMYT-Q on Stockchase) on the NASDAQ (MMYT). It is usually referred to as NASDAQ:MMYT or MMYT
Is MakeMyTrip a buy or a sell?
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on MMYT (previously MMYT-Q on Stockchase). 0 analysts recommended to BUY and 1 analyst recommended to SELL the stock. The latest stock analyst rating is DON'T BUY. Read the latest stock experts' ratings for MakeMyTrip .
Is MakeMyTrip a good investment or a top pick?
MakeMyTrip was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for MakeMyTrip .
Why is MakeMyTrip stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for MakeMyTrip .
Is MakeMyTrip worth watching?
MakeMyTrip is covered by Stockchase experts and is worth watching.
What is MakeMyTrip stock price?
On 2026-09-03, MakeMyTrip (MMYT) stock closed at a price of $57.12.
After doing nothing for a decade, it started to make huge run in late 2023 to a peak in late 2024. Since then, it's lost most of those gains, due to AI fears. Peers have recently bounced back in online travel. MMYT has been putting up good numbers, but is no longer cheap at 33x PE. (Expedia trades at 15x.)