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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Jefferies views IndiGo as unique and strong franchise, raises target price to Rs 5,260

The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization

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Tech View: Nifty faces resistance at 200-DSMA; staying below 23,930 may signal more downside.How to trade on Friday

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