Hyundai Motor India's stock down 7% from issue price, company sales flat in October

The country's largest IPO, Hyundai Motor India, has disappointed investors to date. The banal has been continuously declining since its nationalist listing and connected Tuesday, the banal closed astatine Rs 1,829, which is astir 7 per cent beneath the contented terms of Rs 1,960.

The crushed for the anemic show of Hyundai Motor India's banal is the deficiency of maturation successful the company's sales.

In October, the institution sold 55,568 vehicles successful the home market. It grew by conscionable 0.80 per cent connected an yearly basis, which is overmuch little than the mean maturation of the marketplace (which was 1.82 per cent).

In the aforesaid play past year, the institution had sold 55,128 vehicles.

Hyundai Motor India's banal was listed connected October 22. The banal was listed astatine Rs 1,931 with a diminution of 1.47 per cent. Since then, the banal has been witnessing a continuous downside.

Hyundai Motor India's Rs 27,870 crore IPO received a mixed effect from investors. The IPO received much than treble the subscription.

Hyundai Motor India is the 2nd largest car institution successful the state aft Maruti Suzuki India. The company's marketplace stock was astir 14 per cent successful June 2024. In the fiscal twelvemonth 2023-24, the institution sold 7.77 lakh vehicles, retired of which 21 per cent were exported to countries similar Latin America, Africa, the Middle East, and Europe.

Hyundai Motor India has 1,550 work outlets and 1,366 income outlets successful the country. Hyundai Motor India's gross successful FY 2023-24 was Rs 69,829 crore. During this period, the institution had a nett of Rs 6,060 crore and the borderline of the institution was 13.1 per cent. In the June 4th of the fiscal twelvemonth 2024-25, the company's gross was Rs 17,344 crore. During this period, the institution had a nett of Rs 1,489 crore and the borderline was 13.5 per cent.