Hyundai Motor India Stock Soars Past IPO Price: More Upside Ahead?
Hyundai Motor India’s shares are on fire! On June 9, 2025, the stock jumped 6.6%, hitting a record ₹1,984.80, smashing through its ₹1,960 IPO price from October 2024 for the first time. This marks three straight days of gains, with a 9% rally since June 4. So, what’s driving this surge, and can investors expect more?
Why the Surge?
Hyundai’s been riding high on strong export growth, projected at 7-8% for FY25, and upbeat management commentary. The company’s focus on SUVs, plans for electric vehicles (EVs), and a new plant coming online have analysts buzzing. Out of 22 analysts, 18 scream “Buy,” seeing Hyundai’s premium positioning and capacity expansion as growth catalysts. Posts on X echo the hype, with chatter about FII buying and technical breakouts fueling momentum.
The Flip Side
It’s not all smooth sailing. Hyundai reported a 4% profit dip in Q4, and its valuation—26x FY26 earnings—feels steep to some. Global economic headwinds and a potential domestic slowdown could throw a wrench in the rally. Investors on X are split: some see a rocket to ₹2,200, while others warn of a pullback if market sentiment sours.
What’s Next?
If Hyundai keeps delivering on exports and EV ambitions, the bullish vibe could push shares higher. But volatility looms, so keep an eye on global cues and quarterly results. For now, Hyundai’s got the wind in its sails—ride it, but buckle up!
Disclaimer: Always do your own research before investing.