The takeaway
MakeMyTrip Limited shows a moderate seasonal pattern over 10 years of data — strongest in August (+5.5%) and softest in September (−1.8%).
Right now
In July, the stock has risen 60% of years, averaging +5.6%, about +3.5 pts better than the S&P 500.
The full picture
MakeMyTrip Limited's most dependable month has been August, higher in 7 of 10 years; September has been its least reliable, up just 40% of the time.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Win rate % | ||||||||||||
| Median return % | ||||||||||||
| 2025 | ||||||||||||
| 2024 | ||||||||||||
| 2023 | ||||||||||||
| 2022 | ||||||||||||
| 2021 | ||||||||||||
| 2020 | ||||||||||||
| 2019 | ||||||||||||
| 2018 | ||||||||||||
| 2017 | ||||||||||||
| 2016 |
Month by month
The stock's clearest edge over the S&P 500 lands in January (+8.1 pts); it has trailed the market most in March (−4.4 pts).
“vs S&P” is MakeMyTrip Limited’s average for a month minus the S&P 500’s average for that same month — isolating MakeMyTrip Limited’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, August has closed higher 80% of the time versus 70% across the last 10 years — the pattern is strengthening.
Figures are the typical (median) August return and how often it rose — the last 5 years versus the last 10(the heatmap’s default window). This verdict stays anchored to that 10-year window even if you zoom the chart, so it never disagrees with the badges above.
In plain English
Strip the year back and a single month does the heavy lifting: August, up in 7 of 10 Augusts while the other eleven tend to blur together.
Its average (+5.5%) and median (+6.4%) land within a hair of each other — the tell of steady, year-after-year gains rather than one outlier doing the work. It is among its calmest months, too, its returns swinging least from year to year (a 9.7% spread). Crucially, the gain is the stock's own rather than a rising tide's: August has cleared the S&P 500 by +5.2 points above the index. That consistency sets it apart from the field, where the average stock manages August only about 52% of the time.
The strength clusters rather than stands alone — June–August forms a firm stretch that carries much of the year. On the other side of the ledger, September has been the soft spot — the weakest of 4 months that average a loss (−1.8%), and the edge isn't year-round — the stock has trailed the S&P 500 in March, May, and September. Its roughest month on record was a −50.7% March in 2020 — a reminder of how hard even a seasonal name can fall.
If anything it has sharpened recently — the last five Augusts run ahead of the earlier years.
The takeaway is less about when to buy than what to expect: August aside, the stock's months offer little reliable tilt.
Short answers on the stock's best month (August), its worst (September), and whether it really trades seasonally.
Yes, to a moderate degree. Since 2016 its best month (August, +5.5%) has run well ahead of its worst (September, −1.8%) — the heatmap above shows how steady that gap has been year to year.
August has been the strongest, averaging +5.5% and closing higher in 7 of 10 years since 2016.
It's the weakest, averaging −1.8% — historically a soft spot, though it still varies from year to year.
Explore
These names have the strongest July track records on record — a starting point for comparison.
Before you trade