By Mill Chart
Last update: Jul 2, 2024
In this article, we'll take a closer look at MAKEMYTRIP LTD (NASDAQ:MMYT) as a potential candidate for growth investing. While it's important for investors to conduct their own research, MAKEMYTRIP LTD has piqued our interest by appearing on our strong growth and breakout radar. Let's explore further.
Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NASDAQ:MMYT boasts a 8 out of 10:
ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NASDAQ:MMYT has earned a 8 out of 10:
ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NASDAQ:MMYT was assigned a score of 5 for profitability:
ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:MMYT scores a 7 out of 10:
Besides having an excellent technical rating, MMYT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 81.02, a Stop Loss order could be placed below this zone.
More Strong Growth stocks can be found in our Strong Growth screener.
For an up to date full fundamental analysis you can check the fundamental report of MMYT
Check the latest full technical report of MMYT for a complete technical analysis.
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
101.63
-0.38 (-0.37%)
Find more stocks in the Stock Screener
MakeMyTrip (MMYT) is a strong growth stock with solid fundamentals and a technical breakout pattern. Revenue and earnings are expanding, while the stock shows a favorable setup for potential upside.