By the Top Tier Newswire AI Desk · August 3, 2026 at 9:35 AM ET · reviewed against 2 wire stories
MAKEMYTRIP LIMITED, (MMYT) is up +10.17% in the latest session. Our newswire has captured 2 stories on MMYT across 2 sources in the last 36 hours, with AI sentiment reading bullish (avg 62/100).
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MMYT stock is up 10.17% at $62.74 as of the latest data, driven by a strong earnings beat on non-GAAP earnings and a positive analyst rating from HSBC. The stock opened with a 4.5% gap up and reached an intraday high of $65.00 before settling near the session’s last price of $63.41. The stock’s performance reflects optimism over the company’s ability to offset softer air-ticketing trends with growth in other segments.
What Happened
MakeMyTrip reported fiscal 2027 first-quarter results showing non-GAAP earnings per share of $0.53, which beat estimates by $0.10. While revenue of $285.5 million fell short of expectations by $6.64 million, the company highlighted growth in its hotels, packages, and ground transportation segments. These areas helped offset weaker performance in air-ticketing, which was impacted by geopolitical disruptions and higher fuel costs. Additionally, HSBC initiated coverage on MakeMyTrip with a Buy rating and a $70 price target, signaling strong confidence in the stock’s potential.
What The Data Shows
The stock opened at $59.50 and reached a session high of $65.00 within the first hour of trading. Despite the strong move, volume has been muted at 0.0M shares traded, which is 0.0x the 3-month daily average. The stock is currently trading within its 52-week range of $32.67 to $104.43 and has a P/E ratio of 158.3. With a market cap of $5.4 billion and a beta of 0.98, the stock remains relatively stable compared to the broader market.
What To Watch
Investors should monitor the company’s upcoming earnings report if scheduled, as well as any follow-up analyst commentary on the recent HSBC rating. Coverage breadth and potential follow-through from the market will also be key indicators of the stock’s near-term trajectory.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
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