The stock surged 7% during today’s session to hit a new all-time high of ₹1,986.60, marking its biggest single-day gain in nearly three months. It also extended its winning streak to the fourth consecutive session, rising nearly 9% since June 4.
Additionally, Hyundai Motor India shares have rebounded nearly 30% from their 52-week low of ₹1,541.70, which it hit on April 7 this year.
During an analyst call, the management sounded bullish on export plans and shared a 7-8% growth forecast for overseas shipment from India.
Hyundai Motor India Managing Director Unsoo Kim had recently said the company plans to make its Indian arm the largest export hub outside South Korea. “We aspire to continue our growth trajectory in exports in the coming years,” he said, while adding that exports have risen strongly in recent months, and the company aims to sustain the growth trajectory.
“For FY26, we anticipate the growth in export volumes to be around 7-8%, supported by robust demand for our products in the emerging markets,” Kim said.
Additionally, Hyundai is also working to roll out the Bayon compact SUV with a new engine in the Indian market, according to a report by automotive news website had Autocar recently reported. The SUV, which resembles Verna from the front, will feature a Made-in India engine, the report added.
Hyundai Motor India recently reported its March quarter results on May 16, which were lower on a year-on-year basis on most parameters.
The South Korean automaker’s India unit reported a 4% drop in its overall net profit to ₹1,614 crore for the fourth quarter. It had reported a net profit of ₹1,677 crore during the same period last year.
Hyundai Motor India is currently India’s largest IPO till date, with a size of over ₹27,000 crore. The stock had just managed to receive full subscription on the final day, led by institutional investors. The retail portion of the IPO remained undersubscribed.
Of the 22 analysts that have coverage on Hyundai Motor India, 18 of them have a ‘Buy’ rating, one has a ‘Hold’ rating, while three others have a ‘Sell’ rating on the stock. Nomura has the highest price target on the Street at ₹2,291, while Incred Research has the lowest target at ₹1,612.
Shares of Hyundai Motor India are trading 3.51% higher on Monday at ₹1,925.45. The stock has risen 11% in the past one month.
