In a challenging day for the Indian stock market, Hyundai Motor India witnessed a decline in its share price, slipping by -2.15% amid a broader downturn in market indexes. The stock opened at ₹1805 but closed the trading day at ₹1765, reflecting market conditions that affected a range of sectors.
| Table of Contents |
|---|
| Hyundai Motor India Share Price Today |
| Market Comparison |
| Moving Averages Analysis |
| Financial Ratios |
| Forecast and Target Price |
| Shareholding Pattern |
| Conclusion |
| FAQ |
Hyundai Motor India Share Price Today
The share price of Hyundai Motor India recorded a drop of -2.15% today, as it closed at ₹1765 after opening at ₹1805. The stock demonstrated some volatility, reaching a high of ₹1808 and dipping to a low of ₹1760.2 during the trading session. As of 11:17 AM, the shares were actively trading at ₹1765, indicating a robust response from the market despite the downturn.
Market Comparison
In the context of the market’s direction, the benchmark index Sensex was trading at ₹79582.09, reflecting a decline of -0.53%. This backdrop indicates that Hyundai Motor India’s share price movement is in line with general market sentiment, as fluctuations were observed across various sectors.
Moving Averages Analysis
Interestingly, despite the day’s decline, Hyundai Motor India’s stock continues to trade above short-term moving averages of 5, 10, and 20 days, as well as the long-term moving averages of 50, 100, and 300 days. This positioning suggests a solid underlying trend in performance over time, indicating resilience in the stock even when the market experiences downturns.
Financial Ratios
Analyzing Hyundai Motor India’s financial health reveals a Return on Equity (ROE) of 39.45%, a strong indicator of the company’s ability to generate profit from its equity. Furthermore, the Price-to-Earnings (P/E) ratio stands at 23.56, while the Price-to-Book (P/B) ratio is reported at 12.06. These metrics provide valuable insights into the company’s valuation compared to its earnings and book value, essential for potential investors.
Forecast and Target Price
Looking ahead, analysts predict a median one-year forecasted upside of 22.38% for Hyundai Motor India’s shares, with a target price set at ₹2160.00. Such projections could attract interest from both existing and potential investors, paving the way for a more favorable market position in the future.
Shareholding Pattern
According to the latest filings for the October quarter, Hyundai Motor India showcases a varied shareholding pattern. Notably, the company has 0.00% promoter holding, 1.74% Mutual Fund holding, and 7.36% Foreign Institutional Investor (FII) holding. This distribution offers insights into investor confidence and participation in the company’s growth trajectory.
Conclusion
In summary, the share performance of Hyundai Motor India today reflects broader market trends as it has dipped by 2.15% amidst a declining market environment. With the company trading above critical moving averages and nurtured by solid financial fundamentals, it remains a point of interest for investors looking for stocks with potential growth. For further updates, you can check the Live Mint Market section.
FAQ
Q: What caused the dip in Hyundai Motor India’s share price?
A: The dip coincides with a broader decline in the Indian stock market, affecting multiple sectors.
Q: How does Hyundai Motor India’s current financial health look?
A: With an ROE of 39.45% and favorable P/E and P/B ratios, the company’s financials remain strong despite the increase in share prices.
Q: What is the forecast for Hyundai Motor India shares?
A: Analysts predict a 22.38% upside in the next year, with a target price of ₹2160.00.
