MakeMyTrip Ltd (NASDAQ: MMYT) stock enjoyed a major increase of 10.9% on 11/6/24. The shares closed at $113.45. Moreover, trading volume in this advance was unusually high at 164% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 10.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MMYT is expected to continue to be an important Value Builder.
MakeMyTrip has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. MakeMyTrip has a poor Appreciation Score of 20 but a very high Power Rating of 99, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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