Why MakeMyTrip Stock Is Skyrocketing Today

MakeMyTrip (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&P 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.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool