MakeMyTrip Limited (MMYT), the owners and operators of Makemytrip.com have seen their stock soar today. Shares have reached a price of $37.73 in daily trading, which is a gain of over 13%.

The stock has traded as high as $41.47 per share in the past 52 weeks. The large increase comes on the same day as Oppenheimer & Co. gave it a “Perform Rating”. The reason for such a good outlook is because they are bullish on India’s travel industry. If India’s travel industry flourishes like expected, than MakeMyTrip will be sitting pretty, since they have such a large scale of the Online Travel Arena.

The website located at MakeMyTrip.com allows travelers to book flights, hotels, and ground transportation both nationally and internationally. It is ranked in the top 100 sites visited by people in India, according to Alexa.com.