By Mill Chart
Last update: Apr 12, 2025
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.
To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. MMYT has achieved a 8 out of 10:
A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. MMYT has received a 8 out of 10:
ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of MMYT, the assigned 5 is noteworthy for profitability:
ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for MMYT is 7:
MMYT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 87.11, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MMYT in the last couple of days, which is a good sign.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
Check the latest full fundamental report of MMYT for a complete fundamental analysis.
For an up to date full technical analysis you can check the technical report of MMYT
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
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MAKEMYTRIP LTD (NASDAQ:MMYT) shows strong growth fundamentals and a promising technical setup, making it a stock to watch for breakout potential.