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Nifty50 Today | Goldman Sachs maintains ‘buy’ on Hyundai Motor India, target price ₹2,640
#1 Expects industry growth of 5 percent In H2FY27, with scope to outperform
#2 Average discounts declined to 28 percent vs 34 percent YoY
#3 Margin tailwinds from higher-margin exports
#4 Chennai incentive from Q2, vol recovery & higher plant utilisation
#5 Chennai plant utilisation at 71 percent, expected to recover to 90 percent
#6 New model launches + normalised production should further support margin
Hyundai Motor India was quoting at Rs 2,228.90, down Rs 0.55, or 0.02 percent.
It has touched an intraday high of Rs 2,259.60 and an intraday low of Rs 2,221.00.
It was trading with volumes of 7,928 shares, compared to its five day average of 149,225 shares, a decrease of -94.69 percent.