MakeMyTrip to Acquire Majority Stake in Flamingo Transworld to Bolster Holiday Packages
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An announcement from Makemytrip ( (MMYT) ) is now available.
On March 5, 2026, MakeMyTrip announced it has agreed to acquire a majority stake in Flamingo Transworld, a prominent regional tour operator with a 30-year presence in Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. Flamingo specializes in curated group tours featuring Indian vegetarian and Jain cuisine, regional-language tour managers and wide coverage of domestic and international attractions, sold largely through 51 regional offices.
The deal, subject to closing conditions, is aimed at strengthening MakeMyTrip’s Holiday Packages business by combining Flamingo’s offline regional strength with the company’s national online reach. Management framed the acquisition as part of a broader, calibrated inorganic expansion that has already brought in capabilities in corporate travel, hotel technology, forex, intercity mobility and spend management, reinforcing MakeMyTrip’s push to be a full-stack travel services platform and deepening its penetration into underserved regional markets across India.
The most recent analyst rating on (MMYT) stock is a Buy with a $106.00 price target. To see the full list of analyst forecasts on Makemytrip stock, see the MMYT Stock Forecast page.
Spark’s Take on MMYT Stock
According to Spark, TipRanks’ AI Analyst, MMYT is a Neutral.
The score is held down primarily by balance-sheet deterioration (negative equity and high debt) and weak technicals (price far below major moving averages with bearish MACD). Offsetting factors include improved profitability/cash flow and a constructive earnings call highlighting strong operating momentum, AI/product progress, and ongoing buybacks, but valuation remains stretched with a very high P/E.
To see Spark’s full report on MMYT stock, click here.
More about Makemytrip
MakeMyTrip Limited is India’s leading online travel company, operating well-known digital brands including MakeMyTrip, Goibibo and redBus. Through its websites and mobile apps, it offers air and rail tickets, hotel and alternative accommodation bookings, holiday packages, bus tickets, car hire, activities and experiences, plus ancillary services such as insurance, forex and visa facilitation for domestic and international travelers.
Average Trading Volume: 1,739,713
Technical Sentiment Signal: Sell
Current Market Cap: $4.83B
For detailed information about MMYT stock, go to TipRanks’ Stock Analysis page.
