MakeMyTrip's Trading Volume Surges 159.7% to $24.6 Million, Ranks 420th Amid Geopolitical Tensions

On May 8, 2025, MakeMyTrip's trading volume reached $24.6 million, marking a 159.7% increase from the previous day. This surge placed the company at the 420th position in the day's stock market rankings. However, the stock price of MakeMyTrip (MMYT) fell by 13.31%, marking the third consecutive day of decline, with a total decrease of 14.20% over the past three days.

MakeMyTrip's stock experienced a significant drop of 10% on May 8, following the issuance of high alerts in Jammu as Pakistan retaliated to India's Operation Sindoor. This decline represents the sharpest single-day drop since September 2024, when the stock fell by over 11%. The stock has been on a downward trend for the past three trading sessions, resulting in a loss of over $1.05 billion in market capitalization. The escalating conflict has raised concerns about a potential sell-off across the travel, tourism, and aviation sectors, with MakeMyTrip being one of the first to show significant impact due to the India-Pakistan border conflict. The recent terror attack in Jammu and heightened tensions between India and Pakistan have sparked fears of travel cancellations, reduced inbound tourism, and lower discretionary spending. Airspace restrictions and flight cancellations are likely to disrupt travel plans, with both Indian and international carriers rerouting or suspending services. MakeMyTrip's market capitalization is currently at $11.38 billion, and it is listed under the ticker symbol MMYT on NASDAQ. The recent drop has erased much of the stock's gains from earlier in the year, highlighting the market's sensitivity to geopolitical shocks. Indian equities are also witnessing a sell-off, with the Gift Nifty losing over 1.60%, while Indian American Depositary Receipts (ADRs) saw significant declines in U.S. markets as tensions between India and Pakistan escalated sharply on May 8. As of the latest update, explosions have been reported in Jammu city, across Indian-administered Kashmir, with a complete blackout in the area. Punjab also received reports of blasts, according to media reports. This is a developing news story.