Shares of MakeMyTrip Limited (NASDAQ:MMYT) traded today at $33.60, eclipsing its 52-week high. So far today approximately 146,000 shares have been exchanged, as compared to an average 30-day volume of 562,000 shares.
MakeMyTrip Limited share prices have moved between a 52-week high of $33.60 and a 52-week low of $10.00 and are now trading 235% above that low price at $33.50 per share.
Potential upside of 8.1% exists for MakeMyTrip Limited, based on a current level of $33.50 and analysts’ average consensus price target of $36.21.
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.
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