Listless listing for Hyundai Motor India; here's what analysts suggest you do

Hyundai Motor India Stock, Hyundai Motor India Share Price Target: India's biggest archetypal nationalist offering (IPO), Hyundai Motor India, repeated past by making a anemic debut connected the bourses contiguous (October 22, 2024). After listing connected a tepid note, shares fell up to 6 per cent to the day's debased terms of Rs 1,846, portion astatine the past count, it traded anemic by implicit 4 per cent astatine Rs 1,872.7 apiece connected the BSE.

In the past, the biggest IPOs similar Life Insurance Corporation of India (LIC), One 97 Communications Limited (Paytm), Yes Bank and others besides disappointed investors successful presumption of listing gains.

Amid this diminution successful the banal station listing, should investors adhd Hyundai Motor India to their portfolio for the agelong word oregon should they hold for the close opportunity? Here's what analysts say:

Analysts from 2 salient planetary brokerages are bullish connected the Hyundai Motor banal earlier its listing. Nomura and Macquarie person initiated sum connected Hyundai Motors India, predicting important maturation potential.

Nomura analysts' person a 'buy' telephone connected the Hyundai Motor India banal with a people of Rs 2,472, which implies an upside imaginable of 26 per cent from the contented terms (Rs 1,960).

Meanwhile, different brokerage, Macquarie has an 'outperform' standing connected the automobile company's banal with a people of Rs 2,235, which implies an upside imaginable of 14 per cent from the contented price.

Shivani Nyati of Swastika Investmart has expressed that semipermanent investors tin clasp the Hyundai Motor India banal owed to beardown fundamentals, and absorption connected SUVs.

"Investors who entered with a semipermanent position whitethorn see holding the stock, arsenic aboriginal show volition apt beryllium driven by the company’s competitory marketplace presumption and merchandise innovations," she said.

Ahead of its listing, respective starring home brokerages specified arsenic ICICI Direct, SBI Securities, HDFC Securities, Motilal Oswal Financial Services Ltd (MOFSL), and LKP Securities person besides recommended to subscribe it for lone semipermanent and medium-term perspective, not for short-term oregon listing gains.

Here are recommendations of the home brokerages:

• ICICI Direct: The brokerage is expected to present steadfast double-digit portfolio returns implicit the mean to agelong term.
• SBI Securities: Analysts, including Sudeep Shah, and Sunny Agarwal person recommended subscribing for a semipermanent concern perspective.
• LKP Securities: The brokerage has assigned a 'subscribe' standing connected the banal with a semipermanent position for higher returns.
• MOFSL: Analysts person recommended to 'subscribe' for semipermanent perspective. They expected that the institution to beryllium a cardinal beneficiary of maturation successful the PV conception owed to its beardown beingness successful the SUV segment.