Hyundai Motor shares surge 2% after Morgan Stanley and JPMorgan initiate coverage

November 27, 2024

Hyundai Motor India shares rose nearly 2% to Rs 1,926 after Morgan Stanley and JPMorgan initiated coverage with an overweight rating. Both brokerages highlighted the company’s strong growth potential, strategic positioning in the SUV and electric vehicle segments, and attractive valuation metrics as key factors for their positive outlook.

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