Hyundai Motor India shares rise as brokers look past profit drop

what happened

Shares of Hyundai Motor India jumped as much as 5.6% on Thursday, even though the company reported a 24% fall in second-quarter profit. Margins narrowed to 9.5% from 13.9% a year earlier as raw material costs rose. Still, Hyundai reaffirmed its forecast of 8% to 10% domestic sales growth in fiscal 2027 and kept its 11% to 14% margin outlook, Reuters reported.

Emkay Global kept its buy rating, calling Hyundai's current phase an offensive product cycle and pointing to the recently launched Bayon SUV and expected high double-digit export growth in the second half. Centrum upgraded the stock to buy, while Jefferies stayed at underperform and flagged continued market-share losses in passenger vehicles.

why it matters

The stock is still down about 16% so far this year, which some investors may see as a more attractive entry point. The split among brokers shows the market is divided on whether new models and exports can restore Hyundai's share and growth.

market impact

Hyundai India shares: split brokerage views and new models support the stock, while share losses weigh on it

• ↔Hyundai Motor India shares mixed — upgrades and new launches lift the stock, while market-share losses and margin pressure hold it back

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