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MakeMyTrip Limited (MMYT) [hlAlert]

Rating:
Buy MMYT
down 55.51 %

MakeMyTrip Limited (MMYT) rated Buy with price target $39 by Maxim Group

Posted on: Wednesday,  Nov 9, 2011  10:25 AM ET by Maxim Group

Maxim Group rated Buy MakeMyTrip Limited (NASDAQ: MMYT) on 11/09/2011. Previously Maxim Group rated Buy MakeMyTrip Limited (NASDAQ: MMYT) on 02/14/2011.,
when the stock price was $29.58. Since then, MakeMyTrip Limited has lost 55.51% as of 01/12/2016's recent price of $13.16.
If you would have followed the previous Maxim Group's recommendation on MMYT, you would have lost 55.51% of your investment in 1793 days.

MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (India) Private Limited (MMT India). Through its primary Website, www.makemytrip.com, and other platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas. Its services and products include air tickets, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to travel insurance. The Company provides its customers with access to all major domestic full-service and low-cost airlines operating in India and all major airlines operating to and from India, over 4,700 hotels in India and a selection of hotels outside India, Indian Railways and several major Indian bus operators. It segments include air ticketing and hotels and packages. In August 2011, it acquired 19.9% of Le Travenues Technology Private Limited.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/9/2011 10:25 AM Buy
None
32.50 39.00
as of 12/30/2011
1 Week down  -0.53 %
1 Month down  -5.13 %
3 Months up  8.87 %
1 YTD down  -26.03 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/14/2011 8:25 AM Buy
None
29.58 36.00

(*) Stock Price at the time of the recommendation.
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