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Why MakeMyTrip Stock Is Skyrocketing Today

TheMotleyFool 
0 0 03.08.26
Why MakeMyTrip Stock Is Skyrocketing Today: https://g.foolcdn.com/editorial/images/881805/an-arrow-moving-up-over-positive-stock-ticker-numbers.jpg
 

(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 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.

Image source: Getty Images.

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Source Fool.com

Makemytrip Ltd. Stock

€52.66
0.610%
The Makemytrip Ltd. stock is trending slightly upwards today, with an increase of €0.000 (0.610%) compared to yesterday's price.
Currently there is a rather positive sentiment for Makemytrip Ltd. with 5 Buy predictions and 1 Sell predictions.
As a result the target price of 75 € shows a positive potential of 42.42% compared to the current price of 52.66 € for Makemytrip Ltd..
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