Analysts bullish on Hyundai Motor despite negative results; stock dips over 4.5%
Hyundai Motor India Stock: As the company posted their first performance after it was listed, it has witnessed a fall in revenue of 7.5 per cent.
A leading and second largest automobile maker, Hyundai Motors India has reported a negative July-September quarter (Q2FY25) performance. Nonetheless, global brokerages have remained bullish on the stock ahead of its debut on the bourses.
Hyundai Motor India Q2FY25 Results Highlights: PAT falls by 16%
On November 12, the automobile reported a 16 per cent decline in consolidated profit after YoY basis tax to Rs 1,375 crore for September 2024 due to lower sales in the Indian market.
Hyundai Motor India Q2FY25 Results Highlights: Revenue
As the company posted their first performance after it was listed, it has witnessed a fall in revenue of 7.5 per cent.
Analysts' Views: Should you buy Hyundai Motor India shares?
Amidst this, many investors are worried about whether they should invest or not in the stock, know what the analysts say:
Analysts' Views: Should you buy Hyundai Motor India shares?
Analysts from Macquarie have maintained an 'outperform' rating on the Hyundai Motors India stock with a target of Rs 2,235.
What Nomura make of Hyundai Motor India shares?
Meanwhile, another brokerage Nomura has a 'buy' stance on Hyundai Motors shares with a target of Rs 2,471.
Stock Performance
On November 13, 2024, the Hyundai Motor stock plummeted 4.57 per cent at a piece on the NSE website at 10:47 AM.
Hyundai Motor India Q2FY25 Results: Profit Dips 16%, Brokerages Remain Bullish
(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)