Hyundai’s share price falls after the reduced listing. Buy, sell or hold?

Stock market today: In line with market estimates, Hyundai Motor India shares opened at a discounted price on the BSE and NSE in deals on Tuesday. Hyundai share price opened on the BSE at ₹1931 per piece while they were listed on the NSE at 1934 per share and debuted at a discount of around 1.50 percent to the upper price range of ₹1960 each on the Indian stock exchanges. The newly listed stocks experienced further selling pressure and hit a new low of ₹1,844.65 per share on NSE.

According to stock market experts, Hyundai Motor India is India’s second largest passenger car maker with strong fundamentals. They recommended medium to long-term investors to retain the share capital as the company is committed to innovation, especially in the SUV segment, which is expected to boost business growth.

Hyundai Motor share price outlook

Commenting on the Hyundai share price outlook, Shivani Nyati, Head of Wealth at Swastika Investmart said, “Despite the discounted listing, Hyundai Motor India has strong fundamentals as it is the second largest passenger car manufacturer in India and has a strategic focus on SUVs.” segment, continue to support its long-term growth prospects. Investors who have entered with a long-term perspective may consider holding the stock as future performance will likely be determined by the company’s competitive market position and product innovations.”

Commenting on the suggestion to new investors, Prashanth Tapse, Senior Vice President of Research, Mehta Equities said, “For new investors who want to buy post-listing, we recommend waiting for the price to stabilize and revisiting the area with better discounts to visit.” Opportunities. The best way to accumulate Hyundai is with a 10-15% discount on the issue price. In the long term, Hyundai’s growth story remains intact and is in line with India’s growth story.”

Disclaimer: The views and recommendations presented in this analysis are those of individual analysts or brokerage firms, not Mint. We strongly advise investors to consult certified experts before making any investment decision as market conditions can change rapidly and individual circumstances may vary.