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An announcement from Makemytrip ( (MMYT) ) is now available.
On June 17, 2025, MakeMyTrip Limited entered into an underwriting agreement with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC to issue and sell 16,000,000 ordinary shares, with an option for an additional 2,400,000 shares. Additionally, on June 23, 2025, MakeMyTrip executed an indenture with The Bank of New York Mellon for the issuance of 0.00% Convertible Senior Notes due 2030, amounting to up to $1,437,500,000. The proceeds from these offerings are intended for repurchasing a portion of its Class B Shares from Trip.com Group Limited, indicating a strategic move to consolidate ownership and potentially enhance shareholder value.
The most recent analyst rating on (MMYT) stock is a Buy with a $102.00 price target. To see the full list of analyst forecasts on Makemytrip stock, see the MMYT Stock Forecast page.
Spark’s Take on MMYT Stock
According to Spark, TipRanks’ AI Analyst, MMYT is a Outperform.
Makemytrip demonstrates strong financial performance with robust revenue growth and a solid balance sheet, which significantly contributes to its overall score. Technical analysis and market momentum are generally favorable, though caution is advised due to potential overbought conditions. The valuation indicates a high P/E ratio, suggesting premium pricing relative to peers. Positive sentiment from the earnings call, highlighting strategic growth, further supports the stock’s potential, despite challenges in domestic air supply and competition.
To see Spark’s full report on MMYT stock, click here.
More about Makemytrip
MakeMyTrip Limited is a public company incorporated under the laws of Mauritius, primarily operating in the travel and tourism industry. The company offers services such as booking flights, hotels, and holiday packages, focusing on the Indian market.
Average Trading Volume: 1,076,756
Technical Sentiment Signal: Buy
Current Market Cap: $10.2B
Find detailed analytics on MMYT stock on TipRanks’ Stock Analysis page.