Benzinga
30 Mar 2026, 15:55 UTC · 24w ago
Verdict
Headline takes no side. We score MMYT −1.00 across five claims — strongly bearish.
−1.00strongly bearish
More negative than 97% of ticker scores this week
What the story claims
5 claims · scored −1 bearish … +1 bullish
Morpheus Research alleges MakeMyTrip is using accounting gimmicks, including a $212 million discrepancy between adjusted profits and IFRS figures since 2021.
So whatAllegations of financial manipulation and lack of transparency typically lead to significant valuation resets and loss of investor trust.
More negative than 98% of claims this week
Morpheus Research claims the Competition Commission of India is conducting an undisclosed 'hub-and-spoke' cartel investigation into MakeMyTrip with findings due in early 2026.
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Scored by the NIS engine · methodology.
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More negative than 97% of claims this week
The short-seller report claims MakeMyTrip continues to enforce 'price parity' clauses in defiance of a 2022 Competition Commission of India order.
More negative than 88% of claims this week
MakeMyTrip's wallet share with Marriott Hotels in India reportedly dropped from 38% in 2022 to 31% currently.
So whatLoss of market share with a major global partner indicates weakening competitiveness against rivals like Booking.com and Agoda.
More negative than 83% of claims this week
The report highlights a $20 million receivable from the insolvent Go Air that MakeMyTrip has not written off, unlike its competitors.
More negative than 75% of claims this week
Which stocks this story touches
More negative than 97% of ticker scores this week
The company is the target of a short-seller report alleging regulatory violations, accounting gimmicks, and deceptive consumer practices.
More positive than 55% of ticker scores this week
Mentioned favorably in comparison to MMYT regarding accounting transparency and gaining market share.
More positive than 49% of ticker scores this week
Mentioned as having much lower accounting discrepancies compared to the target of the short report.
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TechCrunch
2d ago
More positive than 56% of relationship scores this week
[mutual] The report compares MakeMyTrip's adjusted profit metrics to its peer Expedia Group.
+32.0%
Price is moving against the score
$47.92 vs $36.30 close before publication (Mar 27) · not market-adjusted
MMYT chart →
