Hyundai India said the rating reaffirmation underscores the company's highest degree of safety with regards to timely servicing of financial obligations.
Hyundai India share price: Kotak Institutional Equities maintained a 'Buy' rating on the stock, with a target price of Rs 2,050 per share. This implies an upside potential of over 10% from the stock's previous closing price.
The automobile sector has faced headwinds, with car sales showing signs of stagnation amidst rising input costs
Shares of the Indian arm of South Korean automaker made its debut at Rs 1,934, down 1.32 per cent on the NSE. Later, in the trade shares of the firm tumbled 6 per cent to Rs 1,842.
The stock listed at Rs 1,931, reflecting a decline of 1.47 per cent from the issue price on the BSE.
For investors who may have missed the chance to participate during the IPO, there could still be an opportunity to invest in the stock on the listing day, says an analyst
On October 21, shares of Hyundai Motor India showed signs of recovery in the grey market
Hyundai Motor India IPO concluded with a healthy subscription of 2.37 times even as the broader market faltered amid a market volatility and a weakened outlook for the auto sector.
Hyundai Motor India IPO enters its third and final day of subscription today. India's largest public issue has been subscribed 42 percent as of day 2. Here's how much public bidding it needs to reach Rs 1 lakh crore in total bids.
We are thrilled to onboard the incredibly talented, global Indian icon Deepika Padukone as our brand ambassador. Her magnetic charm and illustrious career perfectly aligns with Hyundai Motor India's young and dynamic brand. Deepika's influence extends beyond the silver screen, resonating with a diverse audience, especially the vibrant youth, said Hyundai Motor India Ltd COO Tarun Gang.
HMIL accounts for 18.6 per cent (in the January-September period) of the South Korean automaker's global volumes.
The manufacturers have reported a high double-digit growth during pre-Diwali Dhanteras sales, in comparison with the same period last year, led by enhanced attractive offers and schemes.
The company, which is the second largest passenger vehicles manufacturer in India, had posted a consolidated net profit of Rs 2,901.59 crore in 2021-22.
Hyundai Motor's SUV is said to have advanced technology, superior safety and strong performance, making it a 'smart vehicle', company’s official release stated.
As per the announcement by HMIL, the term sheet covers the proposed acquisition of (i) land and buildings and (i) certain machinery and equipment for manufacturing situated at General Motors India, Talegaon Plant.
The company has so far sold 3.17 lakh units of the sedan in the country since the introduction of the model in 2006. Globally, around 88 lakh units have been sold.
Hyundai Motor India Ltd (HMIL) on Wednesday launched an initiative to tap customers through digital medium utilising social media connectivity.
Hyundai Motor India Ltd. (HMIL), the country’s largest passenger car exporter and second largest car manufacturer today honored Ms. Saina ...
Four Year Association for all the matches in India from 2016-2019 Hyundai ...
The company, which will launch the latest model i20 Active - a sports-styled version of its premium hatchback i20 - next week, will introduce iX25 SUV in India ahead of the festive season.
Hyundai Motor India Ltd (HMIL) today said prices of its vehicles across models will go up by up to Rs 5,000 from November 1.