Why MakeMyTrip Shares Plunged Today
Shares of MakeMyTrip (NASDAQ: MMYT) fell today, down by 10% as of 3:20 p.m. EDT, after the India-based travel company reported fiscal second-quarter results. The figures came in better than expected, so it's not exactly clear why investors are so disappointed.
Revenue in the fiscal second quarter jumped 79% to $152.9 million, which translated into a net loss per share of $0.45 on a non-IFRS (International Financial Reporting Standards) basis. Analysts were modeling for an adjusted net loss of $0.61 per share.
Source: Fool.com
Makemytrip Ltd. Stock
Currently there is a rather positive sentiment for Makemytrip Ltd. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 92 € shows a slightly positive potential of 8.34% compared to the current price of 84.92 € for Makemytrip Ltd..