{"id":933,"date":"2024-11-16T23:13:27","date_gmt":"2024-11-16T17:43:27","guid":{"rendered":"https:\/\/richnook.com\/news\/?p=933"},"modified":"2024-11-16T23:18:33","modified_gmt":"2024-11-16T17:48:33","slug":"hyundai-shares-slide-5-1-analysts-raise-target-prices-despite-dip","status":"publish","type":"post","link":"https:\/\/richnook.com\/news\/ipo\/hyundai-shares-slide-5-1-analysts-raise-target-prices-despite-dip\/","title":{"rendered":"Hyundai Shares Slide 5.1%; Analysts Raise Target Prices Despite Dip"},"content":{"rendered":"\n<p>On Wednesday, the Hyundai shares saw a 5.1% dip. This happened for the third day in a row, making the car manufacturer lose nearly 7% in three sessions, bringing it down to Rs. 1,713.25 apiece on the BSE.&nbsp;<\/p>\n\n\n\n<p>The reason behind this plunge in the second quarter was due to weak demand and high discounts. Motilal Oswal has a \u201cBuy\u201d rating on Hyundai Motors India shares at Rs. 2,235.&nbsp;<\/p>\n\n\n\n<p>Nomura Brokerage stated that Hyundai\u2019s EBITDA was in line with their estimates, and the discounts were held within a tough environment. They emphasised a \u201cBuy\u201d rating and raised the target price by 26.54% to Rs 2,472.&nbsp;<\/p>\n\n\n\n<p>The brokerage firm MOFSL believes that the financial year 2025 will most likely be a moderate year for passenger vehicles in India. It also projected that Hyundai Motor India might report an 8% volume CAGR over a period of the next two years.<\/p>\n\n\n\n<p>Last month, Hyundai Motor India made a stock market debut with a listing of Rs. 1,934 on the NSE, which was 1.3% less than the issued price of Rs. 1,960. Since then, the company&#8217;s shares have fallen more than 12.5% from the IPO price.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, the Hyundai shares saw a 5.1% dip. This happened for the third day in a row, making the car manufacturer lose nearly 7%&#8230;<\/p>\n","protected":false},"author":1,"featured_media":937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[66,34,28,59,51],"class_list":["post-933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-hyundai-shares","tag-investment","tag-ipo","tag-ipo-news","tag-ipo-update"],"_links":{"self":[{"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/posts\/933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/comments?post=933"}],"version-history":[{"count":3,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/posts\/933\/revisions"}],"predecessor-version":[{"id":936,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/posts\/933\/revisions\/936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/media\/937"}],"wp:attachment":[{"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/media?parent=933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/categories?post=933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/richnook.com\/news\/wp-json\/wp\/v2\/tags?post=933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}