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.
Global Market Today: Asia stocks rebound from tech selloff, Kospi jumps
Asian markets saw a cautious rebound Wednesday after a significant tech-led global selloff, reigniting worries about the AI rally’s sustainability. South Korea’s Kospi surged, led