Hyundai Motor Stock :
Hyundai Motor Shares Surge Over 6%, Hit Record High Above IPO Price is Hyundai Motor Stock
The price of Hyundai Motor’s stock shot up over 6% to ₹1,984.80, a record high. The stock exceeded its initial public offering (IPO) price of ₹1,960 for the first time since it was listed in October of last year. The company’s management’s optimism about sustained export growth has propelled this positive trend and helped counteract weak domestic demand.
Export Prospects and Stock Momentum
On Monday, June 9, Hyundai Motor’s share price continued to rise as it continued its winning run for the third straight trading session. Due to large trading volumes, the stock rose 6.6% to ₹1,984.80. The fact that the stock crossed its IPO price for the first time since the company’s October 2023 launch made the rise noteworthy as well.
The dramatic increase is indicative of the management’s optimistic view of exports, which they anticipate will grow gradually in spite of international challenges. Increasing export volume by 7–8% is the company’s current fiscal year aim.
Leadership Statements and the Company’s Strategy
During a recent analyst call, Unsoo Kim, the managing director of Hyundai Motor India, revealed, “Being the biggest export hub for Hyundai outside of South Korea is our goal. In the coming years, we’re committed to steadily growing our export operations and maintaining strong momentum in global markets. We anticipate a 7-8% rise in export volumes in FY26, supported by robust demand for our goods in developing nations.Hyundai Motor Stock
In FY25, Hyundai saw a modest rise in exports, shipping 163,386 units—just above the 163,155 units exported in FY24. . However, domestic sales saw a dip, falling from 614,721 units in FY24 to 598,666 units in FY25.
Citing weakening consumer mood and wider macroeconomic uncertainty, the company maintains a cautiously positive outlook for the foreseeable future on the home front. In FY26, it expects domestic growth to mostly match low single-digit industry projections.
Hyundai Motor Stock
Rapid Product Development and Market Growth
By FY2030, Hyundai plans to introduce 26 models, including facelifts, as part of an ambitious pipeline. This comprises six electric cars (EVs) and twenty vehicles with internal combustion engines (ICEs).
Kotak Institutional Equities has once again expressed confidence in the stock, upholding its “Buy” rating and assigning a target price of ₹2,050. The firm remains optimistic that, despite current challenges, the auto industry is likely to recover in the latter half of FY26.
Kotak observed:
Because of low consumer mood, fewer new releases, and a high base, we anticipate that demand trends will stay muted in the foreseeable future. However, starting in CY2026, we expect
With new product introductions across many SUV powertrains and a planned entry into the MUV (Multi-Utility Vehicle) market by FY27, Hyundai is expected to increase its market share.
Disclaimer: Hyundai Motor Stock: The opinions and suggestions shared in this article reflect those of individual analysts and should not be taken as financial advice.