MakeMyTrip Surges Amid Declining Oil Prices Boosting Travel Sector
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 05 2026
0mins
Source: NASDAQ.COM
MakeMyTrip Ltd's stock rose by 9.51% as it crossed above the 5-day SMA, reflecting a strong recovery in the travel sector. The surge is attributed to declining oil prices, which have eased fuel cost pressures for airlines and cruise companies, thereby boosting sentiment across the travel industry. This positive trend is further supported by a robust rebound in consumer demand for leisure travel, as indicated by significant gains in other travel stocks like Expedia Group.
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Analyst Views on MMYT
Wall Street analysts forecast MMYT stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 57.350
Low
113.00
Averages
118.00
High
123.00
Current: 57.350
Low
113.00
Averages
118.00
High
123.00
About MMYT
MakeMyTrip Limited is an online travel provider. The Company's segments include Air Ticketing, Hotels and Packages, and Bus Ticketing. The Air ticketing segment provides the facility to book domestic and international air tickets through Internet-based platforms. The Hotels and packages segment provides holiday packages and hotel reservations through Internet-based platforms, call centers, and franchise stores. The Bus ticketing segment provides the facility to book domestic and international bus tickets through Internet-based platforms. Through its primary websites, such as www.makemytrip.com, www.goibibo.com, and www.redbus.in, and mobile platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas. The Company's services and products include air ticketing, hotels and packages, bus tickets, rail tickets, car hire, activities and experiences, and ancillary travel requirements. It also provides an inter-city car rental service.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Options Market Volatility: The June 18, 2026, $95 Call for MakeMyTrip shows high implied volatility, indicating that the market expects significant future price movements, which may suggest an upcoming event that could impact stock performance.
- Analyst Rating Decline: Currently, MakeMyTrip holds a Zacks Rank of #5 (Strong Sell) in the Internet - Delivery Services sector, placing it in the bottom 9% of the industry rankings, reflecting a pessimistic outlook from the market regarding its future performance.
- Earnings Estimate Adjustments: Over the past 30 days, no analysts have raised their earnings estimates for MakeMyTrip's current quarter, while one analyst has revised the estimate downward, resulting in a drop in the Zacks Consensus Estimate from $52 per share to $10, indicating a significant decline in profitability expectations.
- Trading Strategy Implications: The high implied volatility may attract options traders to employ a strategy of selling options to capture decay, although this also reflects the market's uncertainty regarding MakeMyTrip's future price movements.
See More
MakeMyTrip Reports Decline in Q4 Profit Amid Revenue Growth
- Revenue Growth: MakeMyTrip reported a revenue increase to $250.1 million for Q4 2026, up from $245.5 million year-over-year, indicating the company's adaptability in the recovering travel demand landscape.
- Net Income Decline: Despite revenue growth, net income fell to $24.2 million from $29.2 million a year earlier, reflecting the adverse impact of rising finance costs on profitability, which may affect investor confidence moving forward.
- Full-Year Performance: For the fiscal year 2026, total revenue reached $1.04 billion, up from $978.3 million, yet net income decreased from $95.1 million to $51.8 million, highlighting profitability pressures amid expansion efforts.
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MakeMyTrip (MMYT) Q4 2026 Earnings Transcript
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- Chip Sector Pressure: Ahead of Micron Technology's earnings report, chipmakers saw declines, reflecting market concerns over AI infrastructure demand, despite Micron's stock rising over 260% this year, highlighting the volatility in tech stocks.
- Oil Price Impact: WTI crude oil prices sank to a 3.5-month low, leading to a drop in bond yields, with the 10-year Treasury yield falling to 4.40%, benefiting sectors like homebuilders and airlines by enhancing profit outlooks amid lower fuel costs.
- Decline in New Home Sales: U.S. May new home sales unexpectedly fell by 7.3% to 580,000 units, below the expected 640,000, indicating weakness in the housing market that could affect future economic growth expectations.
See More
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- Market Rebound: The S&P 500 Index rose by 0.72%, the Dow Jones Industrial Average increased by 0.82%, and the Nasdaq 100 Index climbed by 0.50%, indicating a recovery from Tuesday's sharp selloff as investors look to Micron Technology's earnings report to assess AI market performance.
- Micron Technology Gains: Micron's stock has surged over 260% this year, positioning the company as a major beneficiary of the soaring demand for AI infrastructure, which has attracted significant investor interest and reflects its strong market position.
- Housing Bill Impact: The passage of the 21st Century Road to Housing Act by Congress has led to gains for homebuilders and building suppliers, with KB Home and Builders Firstsource rising over 16% and 11% respectively, highlighting the positive impact of policy support on the industry.
- Crude Oil Price Drop: WTI crude oil prices fell more than 4% to a 3.5-month low, lowering inflation expectations and boosting stock markets, particularly benefiting airline and cruise line stocks due to reduced fuel costs, demonstrating the influence of energy market fluctuations on the broader economy.
See More
Travel Stocks Surge as Oil Prices Decline
- Oil Price Impact: Travel stocks surged as oil prices declined due to progress in U.S.-Iran talks, easing supply concerns, with Brent and WTI crude prices falling recently, which alleviated fuel cost pressures for airlines and cruise companies, thereby boosting sentiment across the travel sector.
- Strong Online Travel Performance: Expedia Group and MakeMyTrip rose over 9%, while Booking Holdings increased around 8%, and Airbnb and TripAdvisor advanced about 4% and 3% respectively, indicating a robust rebound in consumer demand for leisure travel.
- Cruise Operators Rise: Royal Caribbean gained about 6%, Norwegian Cruise Line Holdings rose approximately 4%, and Carnival Corp increased around 3%, reflecting the cruise industry's recovery potential amid falling oil prices, further enhancing investor confidence.
- Other Travel Services Up: Travel+Leisure Co advanced about 3%, indicating a positive market response for the overall travel services sector under the dual benefits of declining oil prices and recovering demand.
See More
Analysis of MakeMyTrip Stock Options Market Volatility
- Options Market Volatility: The June 18, 2026, $95 Call for MakeMyTrip shows high implied volatility, indicating that the market expects significant future price movements, which may suggest an upcoming event that could impact stock performance.
- Analyst Rating Decline: Currently, MakeMyTrip holds a Zacks Rank of #5 (Strong Sell) in the Internet - Delivery Services sector, placing it in the bottom 9% of the industry rankings, reflecting a pessimistic outlook from the market regarding its future performance.
- Earnings Estimate Adjustments: Over the past 30 days, no analysts have raised their earnings estimates for MakeMyTrip's current quarter, while one analyst has revised the estimate downward, resulting in a drop in the Zacks Consensus Estimate from $52 per share to $10, indicating a significant decline in profitability expectations.
- Trading Strategy Implications: The high implied volatility may attract options traders to employ a strategy of selling options to capture decay, although this also reflects the market's uncertainty regarding MakeMyTrip's future price movements.
See More
MakeMyTrip Reports Decline in Q4 Profit Amid Revenue Growth
- Revenue Growth: MakeMyTrip reported a revenue increase to $250.1 million for Q4 2026, up from $245.5 million year-over-year, indicating the company's adaptability in the recovering travel demand landscape.
- Net Income Decline: Despite revenue growth, net income fell to $24.2 million from $29.2 million a year earlier, reflecting the adverse impact of rising finance costs on profitability, which may affect investor confidence moving forward.
- Full-Year Performance: For the fiscal year 2026, total revenue reached $1.04 billion, up from $978.3 million, yet net income decreased from $95.1 million to $51.8 million, highlighting profitability pressures amid expansion efforts.
- Stock Price Volatility: MMYT is currently trading at $39.47, down $5.46 or 12.15%, indicating market concerns regarding the company's financial performance, which could impact its future financing capabilities.
See More
MakeMyTrip (MMYT) Q4 2026 Earnings Transcript
See More
