Hyundai Motor India Ltd shares surged 7.6% in Friday’s trading, reaching ₹2259.00 compared to the previous close of ₹2181.00. The rally was driven by strong investor confidence, high trading volumes, and optimism around the company’s quarterly performance and India’s automotive sector growth outlook.
Hyundai Motor India Ltd witnessed a sharp rise in its stock price during live market trading, climbing 7.6% to ₹2259.00. The surge was accompanied by higher-than-average trading volumes, reflecting strong investor sentiment and confidence in the company’s growth trajectory.
Key Highlights
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Shares up 7.6%, trading at ₹2259.00 compared to previous close of ₹2181.00
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Intraday high touched ₹2265.40, with a low of ₹2162.00
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Market capitalization stands at ₹1.87 trillion, highlighting strong valuation
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Accumulated trading volume at 350,083 shares, above average of 292,440
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Price-to-earnings ratio at 31.70, dividend yield at 0.96%
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52-week range between ₹1541.70 and ₹2890.00, showing resilience and growth potential
Strategic Impact
The rally underscores Hyundai’s strong positioning in India’s automotive market, supported by robust demand for passenger vehicles and expanding EV initiatives. Investor optimism is further fueled by the company’s quarterly performance and strategic focus on innovation. With trading volumes exceeding averages, the momentum reflects confidence in Hyundai’s ability to sustain growth in a competitive sector.
Sources: NSE India, Economic Times, Business Standard