MakeMyTrip Ltd vs PDD Holdings Inc. American Depositary Shares — how do they compare? MakeMyTrip Ltd trades at $44.73 (market cap $4.09B), while PDD Holdings Inc. American Depositary Shares trades at $81.35 (market cap $111.40B). The key difference: PDD Holdings Inc. American Depositary Shares is far larger — about 27.2× MakeMyTrip Ltd's market cap, and PDD Holdings Inc. American Depositary Shares is more actively traded (4,823,275 versus 1,828,010). Which is the better fit depends on your goals.
| MMYT | PDD | |
|---|---|---|
Market Cap | $4.09B | $111.40B |
Volume | 1,828,010 | 4,823,275 |
Sector | Consumer Cyclical | Consumer Cyclical |
52-Week High | $94.43 | $138.13 |
52-Week Low | $36.30 | $73.30 |
Typical Hold Time | 12 Days | — |
Enterprise Value | $4.75B | $44.04B |
Signals from Pluang's Aura AI — not financial advice
MMYT trades at $44.73, up 3.04% today, but technical indicators signal a bearish trend with support at $42. The stock shows mixed earnings, missing Q4 2025 and Q2 2026 estimates but beating Q1 2026. Revenue grew to $978.34M in 2025, though net income margin is thin at 3.23%. Analyst consensus is strongly bullish with a $77 price target, but cash flow turned negative in 2026, and debt-to-asset ratio surged, raising financial stability concerns.
The outlook is bifurcated: strong analyst support and a high target suggest upside, but deteriorating cash flow, rising leverage, and bearish technicals pose significant risks. Investors should weigh the potential from operational resilience and a planned Indian listing against financial volatility and macroeconomic pressures on travel demand.
No Aura AI signal available yet.
Trailing returns across standard periods
Latest headlines on both assets
MakeMyTrip Ltd. is a leading online travel company in India, providing a comprehensive range of travel services and products, including air tickets, hotels, holiday packages, rail tickets, and bus tickets. The company operates its primary websites and mobile apps under the brands MakeMyTrip, Goibibo, and RedBus. MMYT serves as a key intermediary in India's fragmented travel market, leveraging its platform to offer convenience and competitive pricing to consumers and businesses.
Read more on MMYT →PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses. Its sourcing, logistics, and fulfillment network supports those businesses and their commerce operations.
Read more on PDD →