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Hyundai Motor shares rally 7%, hit all-time high; what's behind the surge?

Hyundai Motor India share price today: The stock price of the passenger cars & utility vehicles company surpassed its previous high of ₹1,968.80, which it recorded on the listing day

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Hyundai Motor India targets to launch 26 products (including variants) by FY30 | (Photo: Reuters)

Deepak Korgaonkar Mumbai

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Hyundai Motor India share price today

 
Shares of Hyundai Motor India hit a record high of ₹1,986.60 per share, as they rallied 7 per cent on the BSE in Monday's intraday trade amid heavy volumes, on expectation of a healthy outlook.
 
The stock price of the passenger cars & utility vehicles company surpassed its previous high of ₹1,968.80, which it recorded on the listing day i.e. October 22, 2024. Hyundai Motor India raised ₹27,870 crore via its IPO at an issue price of ₹1,960 per share.
 
Hyundai Motor shares have bounced back 29 per cent from their 52-week low of