MakeMyTrip sees FY13 revenue $89M-$91M, consensus $99M MakeMyTrip said it is revising its FY13 revenue less service costs growth guidance in the range of 13%- 16% on a constant currency basis to reflect the current Q3 average exchange rate of INR 54 to a U.S. Dollar. The previously provided guidance range had assumed an average exchange rate of INR 55 to a U.S. Dollar, the company said.
MakeMyTrip pullback creates buying opportunity, says Oppenheimer Oppenheimer says yesterday's 10% pullback in shares of MakeMyTrip creates a buying opportunity. The firm believes the positive catalyst from the Online travel sector in India is in the "early innings." It reiterates an Outperform rating on MakeMyTrip with a $32 price target.
MakeMyTrip volatility increases on wide share price movement MakeMyTrip October put option implied volatility is at 71, November is a 65, February is at 61; compared to its 26-week average of 54 according to Track Data, suggesting large price movement.