Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MakeMyTrip Ltd shares valued at $2,377,900 were purchased by RAJESH MAGOW on Feb 04 ’25. At $118.89 per share, RAJESH MAGOW acquired 20,000 shares.
Also, MOHIT KABRA purchased 640 shares, netting a total of over 78,720 in proceeds.
Before that, RAJESH MAGOW had added 20,000 shares to its account. In a trade valued at $2,400,000, the Officer bought MakeMyTrip Ltd shares for $120.00 each.
As published in a research note from BofA Securities on December 27, 2024, MakeMyTrip Ltd [MMYT] has been retained to a Buy and the price target has been revised to $130. Analysts at Macquarie downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of December 08, 2022, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for MMYT. Earlier on September 14, 2022, JP Morgan initiated its rating. Their recommendation was “an Overweight” for MMYT stock.
Analyzing MMYT Stock Performance
During the last five days, there has been a surge of approximately 0.43%. Over the course of the year, MakeMyTrip Ltd shares have dropped approximately -8.15%. Shares of the company reached a 52-week high of $122.35 on 01/06/25 and a 52-week low of $81.84 on 03/10/25. A 50-day SMA is recorded $97.90, while a 200-day SMA reached $101.52.
Support And Resistance Levels for MakeMyTrip Ltd (MMYT)
According to the 24-hour chart, there is a support level at 101.77, which, if violated, would cause prices to drop to 100.42. In the upper region, resistance lies at 105.80. The next price resistance is at 108.48. RSI (Relative Strength Index) is 54.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.00, which suggests the price will increase in the coming days. Percent R is at 17.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
