MakeMyTrip (NASDAQ:MMYT) Sees Unusually-High Trading Volume on Earnings Beat

Shares of MakeMyTrip Limited (NASDAQ:MMYT) saw an uptick in trading volume on Wednesday following a stronger than expected earnings report. 1,326,976 shares traded hands during mid-day trading, an increase of 41% from the previous session’s volume of 941,092 shares.The stock last traded at $70.7490 and had previously closed at $74.59.

The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.09. The business had revenue of $295.70 million during the quarter, compared to analyst estimates of $306.29 million. MakeMyTrip had a return on equity of 35.84% and a net margin of 5.46%.

Key MakeMyTrip News

Here are the key news stories impacting MakeMyTrip this week:

• Positive Sentiment: EPS beat and improving per‑transaction monetization: MMYT reported $0.52 EPS, above consensus, and commentary and coverage note higher take‑rates from non‑ticket products (hotels, packages, ancillaries). Zacks: Surpasses Q3 Earnings Estimates
• Positive Sentiment: AI engagement accelerating — MakeMyTrip’s AI assistant doubled daily conversations sequentially to ~50,000 in Q3, supporting product automation, lower servicing costs and potential higher conversion over time. Medianama: AI Assistant Doubles Conversations
• Neutral Sentiment: Call/transcript and details available — Management disclosed quarter details on the earnings call; read the transcript for guidance nuance and management comments that could influence near‑term sentiment. Seeking Alpha: Q3 2026 Earnings Call Transcript
• Negative Sentiment: Revenue missed estimates and headline weakness — Revenue of $295.7M missed consensus (~$306M), which, combined with weaker margins in places, prompted investor concern about near‑term growth momentum. MarketBeat: Q3 Results & Details
• Negative Sentiment: Profit collapsed YoY due to higher finance/tax costs — Reported profit fell sharply (Inc42 reports ~73% YoY decline to $7.3M), with elevated finance and tax charges cited as key drags on the bottom line. Inc42: Profit Falls 73% YoY
• Negative Sentiment: Buyback completion and analyst downgrades removed support — The announced buyback is complete, removing a demand catalyst; several outlets report the stock dropped and hit a 1‑year low after an analyst price‑target cut (Citigroup lowered its PT but kept a buy rating). Yahoo Finance: Down After Earnings Miss & Buyback Completion
• Negative Sentiment: Operational headwinds from airline disruption: IndiGo’s December 2025 disruptions affected bookings and cancellations, which weighed on MMYT’s Q3 performance. Medianama: IndiGo Disruption Impact

Wall Street Analyst Weigh In

MMYT has been the topic of several analyst reports. Bank of America reduced their target price on MakeMyTrip from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, December 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of MakeMyTrip in a research note on Wednesday, December 31st. Weiss Ratings began coverage on shares of MakeMyTrip in a research report on Thursday, October 30th. They set a “hold (c)” rating for the company. Wall Street Zen downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Finally, Citigroup cut their price target on shares of MakeMyTrip from $108.00 to $96.00 and set a “buy” rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, MakeMyTrip has a consensus rating of “Moderate Buy” and a consensus price target of $106.33.

Institutional Investors Weigh In On MakeMyTrip

A number of large investors have recently bought and sold shares of the stock. Federated Hermes Inc. lifted its stake in MakeMyTrip by 2,438.5% during the 2nd quarter. Federated Hermes Inc. now owns 152,995 shares of the technology company’s stock valued at $14,997,000 after acquiring an additional 146,968 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in shares of MakeMyTrip in the 2nd quarter worth $30,005,000. Seven Grand Managers LLC purchased a new stake in shares of MakeMyTrip in the second quarter valued at about $7,352,000. Helios Capital Management PTE. Ltd. purchased a new stake in shares of MakeMyTrip in the third quarter valued at about $2,574,000. Finally, Schroder Investment Management Group lifted its position in shares of MakeMyTrip by 42.4% during the second quarter. Schroder Investment Management Group now owns 5,628,019 shares of the technology company’s stock valued at $551,658,000 after purchasing an additional 1,674,538 shares in the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

MakeMyTrip Trading Up 1.2%

The company has a debt-to-equity ratio of 38.85, a current ratio of 1.91 and a quick ratio of 1.91. The firm’s fifty day moving average is $77.61 and its two-hundred day moving average is $88.04. The firm has a market capitalization of $7.38 billion, a PE ratio of 138.23 and a beta of 0.66.

About MakeMyTrip

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.