|Bid||14.77 x 800|
|Ask||19.00 x 1000|
|Day's range||14.96 - 15.37|
|52-week range||10.00 - 30.13|
|Beta (5Y monthly)||1.13|
|PE ratio (TTM)||N/A|
|Earnings date||28 Jul 2020 - 01 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||21.41|
MakeMyTrip Group warned Friday that it might not see profits for years. But the online travel reseller based in Gurugram, India, also argued that it's the best-capitalized of the country's homegrown travel companies to come out of the crisis stronger. Executives predicted during a call with analysts that it will outperform smaller rivals, which will […]
Ixigo, a 13-year-old travel and hotel booking service in India, said on Monday it is cutting the salary of its entire staff as the firm grapples with severe disruption in its business due to the coronavirus outbreak that has pushed New Delhi to issue a nationwide lockdown. Aloke Bajpai, co-founder and chief executive of Ixigo, said the leadership at the firm has agreed to take a 60% pay cut while the rest of the staff, about 200 people, have agreed to have their salaries reduced between 20% to 50%. Bajpai and Rajnish Kumar, the other co-founder, have decided to forgo their entire salary until the business is back on track.
MakeMyTrip Group has elevated Rajesh Magow, co-founder and CEO of its India business, to the role of group CEO, where he'll oversee its leading brands, MakeMyTrip, Goibibo, and Redbus, the company said on Tuesday. Co-founder Deep Kalra is rising from group CEO to the newly created role of group executive chairman. Kalra will help oversee […]
MakeMyTrip isn't setting any money aside in the event that a regulatory probe involving its relationship with hotel chain Oyo should go against the India online travel agency. Asked during an earnings call Monday whether MakeMyTrip feels the need to establish a contingent liability related to the Competition Commission of India investigation, which is expected to take […]
An Indian regulator has ordered an investigation into allegations that hotel-booking service MakeMyTrip Ltd <MMYT.O> gives special treatment to SoftBank-backed <9984.T> hotel chain Oyo on its platform, stifling competition in the industry. There is a "prima facie case for investigation" against MakeMyTrip and Oyo for alleged violations of rules barring uncompetitive agreements between parties, the Competition Commission of India (CCI) said in an order dated Oct. 28. The order follows a complaint from the Federation of Hotel and Restaurant Associations of India (FHRAI), an industry body.
India’s MakeMyTrip Group expects to narrow losses to the single-digit millions by next year, a rather ambitious goal as it will have to pare back an operating loss of nearly $43 million in a matter of three to four quarters. In the three months ending June 30, the company continued recording multi-quarter drops in losses, […]