New York, Jan 9, 2026, 14:10 EST — Regular session
- MakeMyTrip shares fall 4.5% to $78.78, sliding from an early high near $83
- The move underperforms most U.S.-listed travel peers, which are mixed on the day
- Next catalysts include U.S. CPI on Jan. 13 and MakeMyTrip’s expected results on Jan. 22
MakeMyTrip Limited (MMYT.O) shares fell 4.5% to $78.78 in afternoon trading on Friday, after touching an intraday high of $83.42 and then sliding to as low as $78.37. The stock opened at $82.64 and had traded about 577,000 shares by mid-session.
The drop puts the stock on course for its weakest close since early January and comes with MakeMyTrip heading into its next quarterly update later this month. Nasdaq’s market activity page lists an earnings date of Jan. 22, though the company has not posted a fresh press release on its investor site in recent months.
The move also stood out against a stronger tape in U.S. equities after a softer December jobs report kept rate-cut expectations broadly intact. “This is a report that’s somewhat within the range of expectations of investors, so they’re not reacting,” Mark Hackett, chief market strategist at Nationwide, told Reuters, as traders still priced about 54 basis points (0.54 percentage point) of easing in 2026, according to LSEG data.
Other travel names were mixed: Expedia fell 1.7% and Trip.com slipped 0.9%, while Booking rose 0.6% and Airbnb added about 1%. MakeMyTrip’s larger drop left it lagging that group despite no immediate company update.
MakeMyTrip is an online travel provider focused on India, selling air tickets, hotel stays and holiday packages, and bus tickets through its MakeMyTrip, Goibibo and redBus brands. The company also offers rail tickets, car hire and experiences, Reuters data shows.
Technically, the stock is now roughly 35% below its 52-week high of $120.73, and about 13% above its 52-week low of $69.69, based on the company’s Nasdaq quote page. A close below $80 would keep attention on the day’s low around $78.37 as the next near-term line traders watch.
Macro data could set the tone before MakeMyTrip reports. December CPI is due on Tuesday, Jan. 13, and November retail sales are due on Wednesday, Jan. 14 — both at 8:30 a.m. ET — and could shift views on U.S. rates and consumer demand.
But there is a simpler risk for MMYT holders: if the company’s results or outlook disappoint, the stock is already trading close enough to its recent lows that momentum could pull it back toward the $70 area. A sharp swing either way is common for thinner-traded ADRs, especially as earnings approach.
