MakeMyTrip Ltd vs Progressive Corp — how do they compare? MakeMyTrip Ltd trades at $60.56 (market cap $5.78B), while Progressive Corp trades at $207 (market cap $123.45B). The key difference: Progressive Corp is far larger — about 21.4× MakeMyTrip Ltd's market cap, and Progressive Corp pays a 6.55% dividend while MakeMyTrip Ltd pays none. Which is the better fit depends on your goals.
| MMYT | PGR | |
|---|---|---|
Market Cap | $5.78B | $123.45B |
Sector | Technology | Financials |
52-Week High | $103.21 | $252.68 |
52-Week Low | $36.30 | $190.40 |
Enterprise Value | $6.44B | $131.66B |
Dividend Yield | — | 6.55% |
Signals from Pluang's Aura AI — not financial advice
MakeMyTrip (MMYT) trades at $60.31, down 0.99% today, with a bullish technical signal supported by moving averages. The company shows strong revenue growth to $978M in 2025 and consistent earnings beats, though Q2 2026 missed expectations. Analyst sentiment remains positive with 73% buy ratings and a 34% upside target. Recent news highlights travel industry momentum despite temporary air-ticketing softness.
Investment outlook appears favorable with strong fundamentals and bullish analyst consensus, though risks include rising debt levels and geopolitical travel disruptions. The stock's high P/E ratio of 267 requires sustained earnings growth to justify valuation. Recent institutional selling by Boston Common Asset Management warrants monitoring for broader sentiment shifts.
Progressive (PGR) trades at $207.58, down 2.98% on the day, as technical indicators signal a bearish trend. Fundamentally, the company shows strong revenue growth from $49.6B in 2022 to $87.6B in 2025, with net income margins expanding to 12.85%. Recent Q2 2026 earnings beat estimates at $4.85 per share, though Q1 2026 missed expectations. Analyst consensus remains mixed with a $231.20 price target, representing 11.4% upside potential from current levels.
The stock presents a value opportunity with a P/E of 10.65 below industry averages, supported by robust cash flow generation and expanding profitability. Key risks include competitive pressures in insurance markets and potential margin compression from growth investments. Institutional ownership remains substantial despite recent portfolio adjustments by some funds.
Trailing returns across standard periods
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 →Progressive underwrites private and commercial auto insurance and specialty lines
Read more on PGR →