CLSA initiates “Outperform” rating on Hyundai, sets target price of Rs 2,155

January 11, 2025

CLSA has initiated coverage on Hyundai Motor India with an ‘Outperform’ rating and a target price of Rs 2,155, citing strong growth prospects amid strategic expansion. The firm notes the company’s promising outlook with new capacity additions planned and competitive advantages, despite recent stock underperformance.

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