Hyundai IPO Lists at a Discount Amid Cautious Market Sentiment
Hyundai Motor India's shares listed at a 1.5% discount to the issue price of ₹1,960, opening at ₹1,931 on the BSE and ₹1,934 on the NSE. Weak retail participation and market volatility impacted the debut, despite strong institutional interest. While in line with analyst expectations, the stock's performance was lower than the grey market premium indicated. However, Hyundai's long-term growth prospects remain positive, driven by its upcoming electric vehicles and capacity expansion plans.
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