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Hyundai Motor India holds full-year outlook as shares jump 7.2%

Hyundai Motor India shares rose after analysts backed a second-half recovery driven by new launches, exports and capacity expansion, despite a supplier-fire-hit quarter. The automaker retained full-year margin and volume forecasts; Mahindra & Mahindra also reported strong SUV demand.

Newer report adds to this story , : A broker's target is ₹2,600, citing a ₹45,000 crore expansion plan.

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  1. Emkay upgrades Hyundai Motor India as SUV-led expansion targets 1.1m-unit capacity, , Financial Express
  2. CLSA sees 46% upside in DMart; Eternal’s Blinkit expansion underpins 55% target, , Financial Express

07:30 IST · 10 moves · what each means · free

Reported figures

From the report. Source details below

Hyundai Motor India shares rose 7.2% to ₹2,164.50
Quarterly profit fell 35%
CLSA raised target price to ₹2,300
Mahindra & Mahindra shares rose 2.6%
Nifty Auto index rose 1.2%

Also in the report

  • Full-year operating-margin outlook retained at 11%-14%
  • Full-year volume-growth forecast retained at 8%-10%

The source

Source Read the source at The Hindu BusinessLine

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