MakeMyTrip (MMYT) stock fell 1.72% to $83.25, underperforming the S&P 500, Dow, and Nasdaq. Shares had risen 20.48% in the past month, surpassing sector and market gains. Analysts expect earnings of $0.43 per share and revenue of $313.62 million, with estimates showing positive trends and a Zacks Rank of #3 (Hold).

MakeMyTrip has a Forward P/E ratio of 52.29, trading at a premium compared to its industry average. The Internet – Delivery Services industry has a Zacks Industry Rank of 202, in the bottom 19%. Zacks Top 10 Stocks for 2026 will be revealed on January 5, with a history of outperforming the S&P 500.

Read more at Nasdaq: MakeMyTrip (MMYT) Falls More Steeply Than Broader Market: What Investors Need to Know