MakeMyTrip's Trading Volume Surges 1019.85% to 6.99 Billion, Ranks 94th in Market

On June 17, 2025, MakeMyTrip's trading volume reached 6.99 billion, marking a significant increase of 1019.85% compared to the previous day. This surge placed the company at the 94th position in the day's stock market rankings. However, the stock price of MakeMyTrip (MMYT) experienced a decline of 9.31%.

MakeMyTrip has announced a proposed primary offering of 14 million ordinary shares and a convertible senior notes offering worth $1.25 billion. The company plans to use the net proceeds from these offerings to repurchase a portion of its Class B shares from Trip.com Group Limited. This strategic move is aimed at strengthening the company's financial position and shareholder value.

The success of these offerings is contingent upon the completion of both, and they are subject to market conditions. The company's recent financial performance, including robust revenue growth and a solid balance sheet, has been noted as a positive factor. However, the market's reaction suggests that investors may be cautious about the potential dilution of shares and the impact on earnings per share.

MakeMyTrip operates well-known online travel brands such as MakeMyTrip, Goibibo, and redBus, offering a wide range of travel services including air ticketing, hotel bookings, and holiday planning. The company serves both domestic and international markets, providing access to major airlines, accommodation properties, and transportation services. Despite the recent stock drop, the company's strong market presence and diverse service offerings continue to be key strengths.