MakeMyTrip Stock Heads Into Holiday Weekend After Post-Earnings Drop
MakeMyTrip shares closed at $42.75 on Friday, down 0.6% for the week after a sharp post-earnings drop. Fiscal 2026 gross bookings rose 10.4% in constant currency to $10.39 billion, but Q4 profit fell to $24.3 million from $29.2 million. Nasdaq will be closed Monday for Memorial Day, with trading resuming Tuesday. Analyst reaction was cautious, with Citi lowering its price target to $70.