MakeMyTrip Limited (NASDAQ:MMYT) traded at a new 52-week high today of $36.94. This new high was reached on below average trading volume as 146,000 shares traded hands, while the average 30-day volume is approximately 633,000 shares.
MakeMyTrip Limited share prices have moved between a 52-week high of $36.94 and a 52-week low of $10.00 and are now trading 257% above that low price at $35.73 per share.
MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day to day travel needs. The company’s operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet based platforms, call-centers, and branch offices, provides holiday packages and hotel reservations. Its Air ticketing segment includes internet based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.
There is potential upside of 6.1% for shares of MakeMyTrip Limited based on a current price of $35.73 and an average consensus analyst price target of $37.91.
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