MakeMyTrip Limited (MMYT) was Upgraded by Nomura to ” Neutral”. Earlier the firm had a rating of “Reduce ” on the company shares. Nomura advised their investors in a research report released on Jun 3, 2016.
On the company’s financial health, MakeMyTrip Limited reported $-0.82 EPS for the quarter, missing the analyst consensus estimate by $ -0.35 based on the information available during the earnings call on May 18, 2016. Analyst had a consensus of $-0.47. The company had revenue of $88.00 million for the quarter, compared to analysts expectations of $36.91 million. The company’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.
MakeMyTrip Limited closed down -0.52 points or -3.56% at $14.1 with 2,67,110 shares getting traded on Wednesday. Post opening the session at $14.63, the shares hit an intraday low of $14.04 and an intraday high of $14.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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 or MakeMyTrip.com its subsidiaries websites such as www.hoteltravel.com www.makemytrip.ae www.makemytrip.com.sg and other technology-enhanced distribution channels in India including its call centers travel stores and travel agents network travelers can research plan and book a wide 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.