3 hours ago
1
Hyundai Motor shares today: Shares of Hyundai Motor India Ltd rose over 3 per cent to Rs 2,222 in morning trade on August 12, extending gains for a second straight session after Goldman Sachs initiated coverage on the stock with a 'Buy' recommendation. The global brokerage has set a target price of Rs 2,600, implying a potential upside of 21 per cent from the last close on the NSE.
At around 9:40 a.m., Hyundai shares were trading at Rs 2,196, up 2.1 per cent intraday. The stock has climbed nearly 20 per cent year-to-date, outperforming several of its auto sector peers.
Strong Growth Forecast Fuels Optimism
Goldman Sachs expects Hyundai to outperform the domestic car industry, driven by a strong pipeline of electric vehicles (EVs), growing presence in export markets, and upcoming product launches. The brokerage estimates the company will deliver over 8 per cent volume CAGR between FY25 and FY28, outpacing the industry’s projected 5.3 per cent.
Market share gains are also on the cards, with the firm predicting a 120 basis point increase in share between FY25 and FY28, supported by successful new launches and a diversified product portfolio.
Although near-term startup costs are expected, Goldman believes improved SUV and export mix will help offset the impact, especially as Hyundai positions itself to capitalise on a potential domestic auto upcycle in FY27–FY28.
Hyundai Motors Q1 FY26: Profit Slips, But Exports Cushion the Blow
Despite the upbeat brokerage view, Hyundai’s financials for the first quarter showed some softness. The company reported an 8.08 per cent year-on-year decline in consolidated net profit to Rs 1,369.23 crore, impacted by weaker domestic demand. Revenue from operations fell 5.37 per cent YoY to Rs 16,412.87 crore, while EBITDA dropped 6.63 per cent to Rs 2,185.2 crore. The operating margin narrowed slightly to 13.3 per cent, down 20 basis points from a year ago.
Domestic sales declined 11.5 per cent to 1,32,259 units, while exports rose 13 per cent to 48,140 units, providing some relief. Overall volumes fell 6.1 per cent to 1,80,399 units in the quarter.
Creta, Venue, Exter Lead SUV Sales
Hyundai’s SUV portfolio remained the standout, led by the Creta with 47,662 units sold, followed by the Venue (22,331 units) and Exter (17,188 units). The company currently offers 12 ICE (internal combustion engine) models and two electric vehicles — the Ioniq 5 and the newly launched Creta Electric.
English (US) ·