Why MakeMyTrip Stock Is Skyrocketing Today
Key Points
MakeMyTrip's fiscal Q1 sales came in lower than anticipated, but earnings beat Wall Street's target.
Valuations for travel industry stocks are rising today thanks to news of a potential deal to end the Iran war.
- 10 stocks we like better than MakeMyTrip ›
MakeMyTrip (NASDAQ: MMYT) stock is quickly gaining ground following its latest earnings report. The India-based travel company's share price was up 9.3% as of noon ET on Tuesday. Meanwhile, the S&P 500 was up 1.2%, and the Nasdaq Composite was up 1.8%. Earlier in the session, the stock had been up as much as 14.1%.
Before the market opened this morning, MakeMyTrip published results for the first quarter of its 2027 fiscal year -- which ended June 30. While the company posted sales that missed expectations, its earnings topped Wall Street's forecast. The stock is also getting a boost from another significant bullish catalyst.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
MakeMyTrip rises after earnings beat
MakeMyTrip recorded non-GAAP (adjusted) earnings per share of $0.53 on sales of $285.5 million in fiscal Q1. For comparison, the average Wall Street analyst estimate had modeled adjusted earnings of $0.43 on sales of roughly $292.2 million. Sales were still up roughly 6% year over year, and gross bookings increased nearly 20% compared to the prior-year period to reach approximately $2.85 billion. Along with the earnings beat on softer-than-expected revenue and solid bookings momentum, there's another big catalyst lifting the stock today.
Travel stocks are rallying on Iran war news
Travel industry stocks are generally seeing strong bullish momentum today on hopes that the Iran war could be de-escalating. Over the weekend, President Donald Trump said that the basics of a deal that could reopen the Strait of Hormuz and end the conflict had been reached. He also said that negotiations with Iran would resume today. An end to the war could help reduce energy prices and ease travel concerns, which would be a positive development for MakeMyTrip and other players in the industry.
Should you buy stock in MakeMyTrip right now?
Before you buy stock in MakeMyTrip, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and MakeMyTrip wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $386,727!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,232,139!*
Now, it’s worth noting Stock Advisor’s total average return is 906% — a market-crushing outperformance compared to 208% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of August 3, 2026.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends MakeMyTrip. The Motley Fool has a disclosure policy.
Recommended Articles
