Carrhae Capital LLP Has $35.39 Million Stock Holdings in MakeMyTrip Limited $MMYT

Carrhae Capital LLP trimmed its holdings in shares of MakeMyTrip Limited (NASDAQ:MMYT) by 34.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 378,097 shares of the technology company’s stock after selling 198,489 shares during the period. MakeMyTrip makes up about 2.1% of Carrhae Capital LLP’s holdings, making the stock its 13th biggest position. Carrhae Capital LLP’s holdings in MakeMyTrip were worth $35,390,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in MakeMyTrip by 11.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,755 shares of the technology company’s stock valued at $1,642,000 after acquiring an additional 1,721 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of MakeMyTrip by 408.0% in the second quarter. Geode Capital Management LLC now owns 302,664 shares of the technology company’s stock worth $29,667,000 after purchasing an additional 243,086 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of MakeMyTrip by 6.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,355 shares of the technology company’s stock worth $1,701,000 after purchasing an additional 1,017 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of MakeMyTrip by 593.9% during the second quarter. SG Americas Securities LLC now owns 10,762 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 9,211 shares during the period. Finally, Nomura Asset Management Co. Ltd. purchased a new position in MakeMyTrip during the second quarter valued at approximately $30,005,000. 51.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MMYT has been the subject of a number of research reports. Morgan Stanley reissued an “overweight” rating on shares of MakeMyTrip in a research note on Wednesday, December 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of MakeMyTrip in a report on Tuesday, January 27th. Bank of America reduced their price objective on MakeMyTrip from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, December 24th. Finally, Citigroup dropped their target price on MakeMyTrip from $108.00 to $96.00 and set a “buy” rating on the stock in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, MakeMyTrip presently has an average rating of “Moderate Buy” and a consensus target price of $106.33.

MakeMyTrip News Summary

Here are the key news stories impacting MakeMyTrip this week:

• Positive Sentiment: Management has merged RedBus India into a domestic MakeMyTrip entity and is evaluating an India IPO, a move that could simplify structure and unlock valuation for local investors. MakeMyTrip evaluates India IPO, merges RedBus India under single entity
• Positive Sentiment: Multiple outlets report MakeMyTrip is actively eyeing a domestic IPO as part of a long‑term growth strategy, which could increase access to Indian retail and institutional demand and create a local benchmark valuation. MakeMyTrip evaluating India IPO as part of long-term growth strategy
• Positive Sentiment: Coverage notes MMYT gaining attention within Nasdaq digital travel/index themes — greater index focus can attract passive flows and boost liquidity. MakeMyTrip Builds Market Interest In Nasdaq Index
• Neutral Sentiment: Analysts maintain a generally constructive stance (consensus “Moderate Buy”), and industry coverage (Zacks) lists MMYT among internet/delivery/travel names that could benefit from greater internet penetration — supportive but not a near-term catalyst by itself. MakeMyTrip Given Consensus Rating of “Moderate Buy” by Analysts
• Negative Sentiment: Timing, regulatory approvals, and potential shareholder dilution remain key risks: an India IPO and restructuring introduce execution uncertainty and could create a two‑market dynamic that affects liquidity and valuation of the Nasdaq listing. MakeMyTrip Eyes an IPO in India

MakeMyTrip Stock Performance

MMYT stock opened at $45.72 on Wednesday. The firm has a 50 day moving average of $60.42 and a two-hundred day moving average of $76.82. MakeMyTrip Limited has a 12 month low of $45.01 and a 12 month high of $113.85. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 95.25, a P/E/G ratio of 1.57 and a beta of 0.64. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 38.85.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Wednesday, January 21st. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The business had revenue of $295.70 million for the quarter, compared to the consensus estimate of $306.29 million. MakeMyTrip had a net margin of 5.46% and a return on equity of 48.06%. As a group, equities analysts anticipate that MakeMyTrip Limited will post 1.27 EPS for the current fiscal year.

MakeMyTrip Company Profile

MakeMyTrip Inc is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms.