Corporate Overview
MakeMyTrip Ltd. (MMYT) traded 3.12 % higher during the 24‑hour period ending at 08:21 PM Central Europe on Wednesday, 21 March 2026. At the close of that session, one share was priced at approximately USD 45.28 on major exchanges. The company’s share supply currently stands at 94.1 million, giving it a market capitalization of USD 4.2 billion. In the past 24 hours, roughly USD 43.6 million of shares were exchanged on public markets.
Since the close of the previous month, MMTY’s stock has declined 4.29 %. Its 200‑day simple moving average is USD 52.19, while the all‑time high of the past 52 weeks was USD 92.09 on 27 October 2025. The lowest point in the last 52 weeks was USD 32.67 on 30 March 2026.
Recent Analyst Commentary
An analysis published by Gurufocus indicates that market participants currently view MakeMyTrip as undervalued. The commentary suggests that the recent price decline has not yet reflected the company’s intrinsic worth, presenting a potential buying opportunity for investors who favour value plays. No additional financial metrics or earnings data were cited in the source; the focus remained on the perceived valuation gap.
Peer Performance Snapshot (Last 24 Hours)
| Stock | 24‑Hour Move | Current Price | Market Cap (USD/INR) | P/E Ratio |
|---|---|---|---|---|
| Mphasis (MPHASIS.NS) | 0 % | INR 2,575 | INR 477.2 bn | 24.35 |
| Upl (UPL.NS) | –0.8 % | INR 514.5 | INR 451.9 bn | 23.36 |
| Fertilisers & Chem Travancr (FACT.NS) | –1.35 % | INR 701.9 | INR 469.1 bn | – |
| Anthem Biosciences (ANTHEM.NS) | –1.66 % | INR 805.55 | INR 464.6 bn | 83.32 |
| Vishal Mega Mart (VMM.NS) | –1.62 % | INR 90 | INR 449.7 bn | 50.84 |
Context for the IT Sector
The Indian information‑technology segment has rebounded, with the Nifty IT index posting a 12 % gain over the last week—the strongest rally in nearly two decades. Analysts attribute this surge to stronger‑than‑expected earnings from major players, a healthy deal pipeline, and attractive valuations. However, they caution that AI‑driven productivity gains could compress traditional service revenues, and the conversion of new deals into revenue will be critical for sustaining the upturn. The sector’s underlying deal pipeline remains robust, and momentum is expected to persist if revenue growth aligns with earnings performance and AI‑related demand stabilises.
Vishal Mega Mart’s Quarterly Update
Vishal Mega Mart reported modest gains in profit and revenue for the September quarter of fiscal year 2026‑27. Net profit rose slightly, while EBITDA grew at a similar pace, though the operating margin narrowed. Same‑store sales growth was affected by a seasonal shift in festive demand, which the company expects to have a modest impact on store‑level performance. The chain added several new outlets, bringing its total store count to 844 across 582 cities. The share price subsequently fell to a 52‑week low following the announcement, reflecting market sensitivity to the narrowing margin and seasonal consumer spending patterns.
Company Profile
MakeMyTrip Ltd. operates a comprehensive online travel platform in India, enabling customers to research, plan, and book a wide range of travel services. Its offerings include airline tickets, hotel reservations, package tours, rail and bus tickets, car rentals, and travel insurance. The company’s digital-first approach positions it as a key player in the rapidly evolving Indian travel and tourism market.