MakeMyTrip (MMYT) has quietly slipped over the past month, even as its long term returns still look strong. That mix of short term weakness and solid growth makes the stock worth a closer look.
See our latest analysis for MakeMyTrip.
The latest 30 day share price return of negative 5.6 percent and 90 day share price return of negative 26.5 percent show momentum has clearly cooled, even though the five year total shareholder return of about 183 percent still points to a strong long term story.
If MakeMyTrip has put travel on your radar, it could be a good moment to explore other potential movers among high growth tech and AI stocks that are shaping the next leg of market growth.
With revenue and profits still climbing fast and the share price well below analyst targets, should investors view MakeMyTrip as a rare undervalued growth story, or has the market already priced in its next chapter of expansion?
With MakeMyTrip last closing at $73.69 against a narrative fair value of $111.90, the story leans firmly toward upside potential grounded in growth.
Ongoing investment in product innovation, particularly in AI powered personalization and user experience improvements, positions MakeMyTrip for higher conversion rates, better customer retention, and ultimately supports expanding net margins through improved operating leverage.
Read the complete narrative.
Curious how faster bookings, richer add ons, and widening margins can still justify a premium multiple for a travel platform, not a software giant? Unlock the full playbook driving that bold fair value call.
Result: Fair Value of $111.90 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, persistent competition and structurally high marketing costs could pressure margins and quickly undermine the case for a sustained premium valuation.
Find out about the key risks to this MakeMyTrip narrative.
Zooming out from the narrative fair value, MakeMyTrip looks far less forgiving on traditional price to earnings numbers. The stock trades at about 91.6 times earnings, versus a fair ratio of 36.1 times and roughly 21 times for both the US Hospitality industry and peer group.
That gap suggests investors are already paying a steep premium for growth, leaving less room for error if forecasts slip or sentiment turns more cautious. How comfortable are you underwriting that kind of valuation stretch?
See what the numbers say about this price — find out in our valuation breakdown.