MakeMyTrip Ltd (MMYT) News & EventsMMYTMakeMyTrip Ltd

MakeMyTrip Reports Q1 Adjusted EBIT of $51.4M

Reports Q1 adjusted EBIT $51.4M vs $47.3M last year. Commenting on the results, Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, said, "Despite macroeconomic disruptions, particularly in international travel, travelers made alternative choices for their leisure travel this quarter. As a result, we delivered a strong performance, underscoring the strength of our diversified range of travel products and services available on our platform. While there are short-term headwinds due to the West Asia conflict impacting oil prices, we remain positive about the long-term outlook of the travel and tourism market in India on the back of infrastructure development and rising propensity to travel in India."

MakeMyTrip Stock Rises 15% to $44.00

MakeMyTrip is up 15.0%, or $5.73 to $44.00.

Major U.S. Indices Rise as Oil Prices Surpass $100

The major averages were broadly higher near noon to start the week following last week's declines. Amid continued conflict in the Middle East and rising energy prices, President Trump said the U.S. is in "serious discussions" with Iran to end its military operations. However, he added that if a peace deal is not reached "shortly" and the Strait of Hormuz is not reopened, the U.S. will "conclude our lovely 'stay' in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!), which we have purposefully not yet 'touched.'" Following the comments, oil prices are rising once again past the $100 per barrel mark.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SyscoJetro Restaurant Depot for a total enterprise value of $29.1BUberglobal chauffeur service leader BlacklaneAuriniaKezar Life Sciencesfor $6.955 per share in cash plus a non-transferable contingent value rightSpirewill sell itsto Boardwalk Pipelines for $215M in cashTJX'sboard raised itsand said it plans $2.5B-$2.75B of share repurchases for FY272. WALL STREET CALLS:CrowdStriketo Outperform from Peer Perform at Wolfe ResearchExpediato Buy from Hold at JefferiesInstacartto Buy from Hold at JefferiesDole, Nomad Foodsto Hold at Deutsche BankStarbuckswith an Underperform at BNP Paribas3. AROUND THE WEB:In a recently published report, Morpheus Research says that MakeMyTrip, a $3.5B online travel agency that is sometimes referred to as the "Booking.com of India" with 50% of the Indian OTA market, "openly defies regulators, scams customers, and pads profits through accounting tricksBanks led by JPMorganare dealing with pushback related to the terms of a $7.2B debt deal to fund Clayton, Dubilier & Rice's takeover of Sealed Air, Bloomberg reportsYouTubeemployees have admitted their goal was "viewer addiction" and shut down proposed safety tools for kids since they did not provide a sufficient return on investment, NY Post saysIQM Quantum Computers has secured $57.64M in venture financing from funds managed by BlackRockto accelerate growth, Reuters saysAn analysis of billions of anonymized credit card transactions by consumer transaction analysis company Indagari indicates that Claude is seeing record growth in paid subscribers, with subscriptions more than doubling this year according to Anthropic, TechCrunch says4. MOVERS:Compass Diversifiedincreases after announcing it willbusiness to Archer for $292.5MiQiyigains in New York afteron HKEXViridiandeclines after announcing results from its REVEAL-1 phase 3Fermilower afterBoston Scientificfalls after Raymond Jamesits rating on the stock to Outperform from Strong Buy5. EARNINGS/GUIDANCE:Alaska AirUSA Rare Earth, with CEO Barbara Humpton commenting, "2025 was the year that USA Rare Earth set the foundation to execute our integrated rare earth growth strategy"Spirefor FY27Neumora Therapeutics, with EPS missing consensusCBAK Energy Technology, with revenue higher year-over-yearINDEXES:Near midday, the Dow was up 0.88%, or 395.42, to 45,562.06, the Nasdaq was up 0.29%, or 60.40, to 21,008.76, and the S&P 500 was up 0.48%, or 30.52, to 6,399.37.