Hyundai Motor India Limited (HYUNDAI) Receives a Buy from Nomura
In a report released on May 30, Kapil Singh from Nomura maintained a Buy rating on Hyundai Motor India Limited (HYUNDAI – Research Report), with a price target of INR2,291.00. The company's shares closed last Friday at INR1,847.20.
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According to TipRanks, Singh is a 3-star analyst with an average return of 4.9% and a 52.94% success rate. Singh covers the Consumer Cyclical sector, focusing on stocks such as Hyundai Motor India Limited, Bajaj Auto Limited, and Eicher Motors Limited.
Currently, the analyst consensus on Hyundai Motor India Limited is a Moderate Buy with an average price target of INR2,000.00, implying an 8.27% upside from current levels. In a report released on May 20, HSBC also maintained a Buy rating on the stock with a INR2,150.00 price target.
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