NASDAQ:MMYT

MakeMyTrip Stock Heads Into Holiday Weekend After Post-Earnings Drop

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.
May 23, 2026

Stock Market Today

  • Guzman Y Gomez Shares Plunge 37% but Show Strong Growth Prospects
    May 29, 2026, 9:18 PM EDT. Guzman Y Gomez Ltd (ASX: GYG), an Australian Mexican restaurant chain, has seen its shares fall over 37% in the past year and more than 55% since December 2024. Despite the volatility, the company has ambitious growth plans, aiming to expand its Australian restaurant count from 242 to 1,000 within 20 years. It reported 20% network sales growth and 6.6% comparable sales growth in Australia in Q3 FY26, with underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) expected to rise 29% year-on-year to about AUD 85 million. Asian operations, particularly in Japan and Singapore, are growing at 15% per year but remain a small portion of total sales. Rising profit margins could further boost future earnings, making GYG a notable opportunity outside the volatile tech sector.