Hyundai Share Price Live Updates: Today marks the debut of Hyundai Motor India Ltd in the Indian stock market. The subscription for Hyundai Motor India Ltd’s IPO took place from October 15 to October 17, and the IPO allotment process was completed on October 18. Hyundai Motors Share Price Today will be listed on both the stock exchanges, BSE and NSE.
An automaker is conducting its first share sale in more than 20 years, which comes after Japanese carmaker Maruti Suzuki went public in 2003. The South-Korean automaker anticipates that the equity shares’ listing will improve its visibility and brand image, as well as offer liquidity and a public market for the shares.
The Hyundai India Motors IPO barely made it through the three-day window due to a lukewarm response from retail investors. The largest IPO in India was subscribed 2.37 times on the final day, with qualified institutional buyers (QIBs) coming to the rescue as the issue drew to a close.
Stay tuned to know about latest GMP, listing details, expert views, more.
Hyundai Share Price Live: Here’s all you need to know about the company’s strong parentage
With its successful operations in multiple markets, strong global parentage, proactive technology/feature-rich launches that capture the timely shift in consumer preferences (e.g., SUVs), an extensive product portfolio with a high SUV focus, high scale and the resulting cost leadership (aided by early exports focus), and relatively premium positioning, the company is the only major foreign OEM to have successfully established itself at scale in India.
Hyundai Share Price Live: Stock Check
The stock was trading at ₹1,880.30 per share on NSE, marking a 2.78% decrease at 12:18 IST, and at ₹1,881.75 per share on BSE, showing a 2.55% decline.
Hyundai Share Price Live: Here’s what Arun Kejriwal, the founder of Kejriwal Research and Investment Services says post listing
Arun Kejriwal, pointed out that the disappointing performance post 45 minutes is a cause for concern. If things do not improve, improvement would mean the stock closing above the issue price. The stigma attached to the largest IPOs in India, from LIC, Reliance Power to Paytm, will persist, and Hyundai may also be labeled as one of those companies. The largest ever IPO in the Indian market, closing on a negative note would further reinforce this.
Kejriwal also said that this event has turned into a significant occasion for the parent company and its leadership team, who are all present to witness this major event unfold. Citi Bank, one of the major merchant bankers, has brought its entire leadership team, emphasizing the importance of this event.
As per Arun the promoter raising the price of the original issue from around ₹24,000 crores to ₹28,000 crores, led to the decrease in share price. As the new price band became expensive.
Hyundai Share Price Live: Here’s what Prashanth Tapse, Senior Vice President of Research at Mehta Equities advises new investors
“For fresh new investors wishing to buy post listing, we advise to wait and watch for the price to settle and revisit the space with better discounted opportunity, best range of accumulate Hyundai can be -10-15% discount to its issue price. For long term Hyundai’s growth story remains intact in line with India Growth story,” said Prashanth Tapse.
Hyundai Share Price Live: Stock Check
The stock was trading at ₹1,882.60 per share on NSE, marking a 2.66% decrease at 11:18 IST, and at ₹1,880.70 per share on BSE, showing a 2.60% decline.
Hyundai Share Price Live: Emkay Global prefers Maruti Suzuki India over Hyundai, here’s why
The brokerage claims that the lack of significant launches over the next 12 to 18 months and the addition of back-ended capacity (2HFY26E; currently operating at ~93% utilization levels) will limit growth. Additionally, decreased treasury income (after a one-time dividend payout in March 24) and higher royalties to Parent (1QFY25 onward) would limit EPS CAGR to 5% throughout FY24-27E.
“We initiate coverage on Hyundai Motor with REDUCE, valuing it at 23x Core Sep-26E PER (similar to MSIL). We prefer Maruti Suzuki India over Hyundai Motor India as it is catching up on operational and financial metrics (despite a relatively lower SUV mix) with higher growth optionality,” said the brokerage.
Hyundai Share Price Live: Motilal Oswal initiates coverage with a ‘Buy’ tag
As per the brokerage, Hyundai Motors India can be considered to have a slight edge over Maruti Suzuki, its closest peer, in terms of competency and future growth potential, despite both OEMs being closely matched.
“We hence assign a 27x one-year Fwd PER multiple to HMI, relative to our target multiple of 26x currently assigned to Maruti Suzuki. Therefore, we arrive at our target price of ₹2,345 for Hyundai Motors India, based on 27x Sep’26E earnings. We initiate coverage on Hyundai Motors India with a BUY rating,” the brokerage said.
Hyundai Share Price Live: Stock Check
The stock was trading at ₹1,860.25 per share on NSE, marking a 3.81% decrease at 10:21 IST, and at ₹1,866.65 per share on BSE, showing a 4.76% decline.
Hyundai Share Price Live: Here’s what expert’s say post tepid listing
According to Shivani Nyati, Head of Wealth, Swastika Investmart Ltd, despite the discounted listing, Hyundai Motor India’s strong fundamentals, being the second-largest passenger vehicle manufacturer in India and its strategic focus on the SUV segment, continue to support its long-term growth prospects. Investors who entered with a long-term perspective may consider holding the stock, as future performance will likely be driven by the company’s competitive market position and product innovations.
Hyundai Share Price Live : Stock opens with 1.3% discount at ₹1,934
Hyundai share price made a weak debut on the bourses today. On NSE, Hyundai India stock share price opened at ₹1,934 per share, 1.3% lower than the issue price of ₹1,934. On BSE, Hyundai share price today opened at ₹1,931 apiece, down 1.48% than the issue price.
Hyundai Share Price Live Updates: Company offers steady growth prospects amid industry tailwinds, believes experts
According to brokerage Master Capital Services, the Hyundai Motor India IPO, which launched on October 15, 2024, is highly anticipated due to the company’s strong market position in the Indian passenger vehicle segment. On 21st Oct, the company’s shares at pre-listing are trading at a grey market premium of ₹75 which is 3.8% higher than its original price band. Meaning that, the shares might list at ₹2,035 on 22nd Oct.
The company offers stable growth prospects among industry tailwinds, strong financials, and sustained demand for SUV products, despite some concerns about short-term listing benefits due to a muted grey market premium. Long-term investors see Hyundai to be an interesting investment due to its strategic focus on electric vehicles and its supremacy in the Indian passenger vehicle industry.
Hyundai Share Price Live Updates: Global brokerage Nomura initiates coverage with a ‘buy’ tag and a target price of ₹2,472
The brokerage suggests that continued premiumization will lead to strong growth in quality. The company has the potential to achieve a 17% compound annual growth rate in earnings from FY25 to FY27.
Hyundai Share Price Live Updates: Co’s robust fundamentals make it an attractive long-term investment, says Shivani Nyati of Swastika Investmart
Shivani Nyati pointed out that the current grey market premium (GMP) of ₹67 (3.42%) suggests expectations of a flat to moderate listing. The IPO valuation seems fully priced, and since the issue is a complete offer for sale (OFS), the company will not receive any proceeds from the offer.
“We anticipate a steady debut, and while immediate listing gains may be modest, Hyundai’s robust fundamentals make it an attractive long-term investment,” added Nyati.
Hyundai Share Price Live Updates: There is a very high possibility of flat to negative market debut, says market expert
According to Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities, considering sluggish undersubscription demand from NII’s & Retail investors and market sentiments on overvaluation concern followed by lower demand and over supply scenario in the sector, there is a very high possibility of flat to negative market debut.
“For allotted investors, one should not expect a quick bucks on listing day. Hence, we recommend HOLD despite knowing short term volatility in the sector demand and supply scenario. For non-allottees, we advise to wait and watch for the price to settle and revisit the space with better discounted opportunity as for long-term investors,” added Tapse.
Hyundai Share Price Live Updates: Macquarie initiates Outperform with target price of ₹2,235
The brokerage believes Hyundai Motor India deserves to trade at a premium PE multiple versus peers due to its favourable portfolio mix and premium positioning.
Powertrain optionality, including parent capabilities and market share upside risk from new models/powertrain launch, are medium-term positives.
Hyundai Share Price Live Updates: Here’s what GMP indicates ahead of listing
Hyundai Motor India IPO GMP today is +48. This indicates Hyundai Motor India share price was trading at a premium of ₹48 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Hyundai Motor India share price is indicated at ₹2,008 apiece, which is 2.45% higher than the IPO price of ₹1,960.
According to the grey market activities in the last 26 sessions, the current GMP of ₹48 indicates a downward trend. As per investorgain.com experts, the lowest GMP recorded is ₹-32, while the highest GMP is ₹570.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
