Stocks to watch, Nov 12: Here are few stocks will be in focus for today's session
As per the circular released by markets regulator Sebi in October 2017, the listed stocks must be strictly categorised into baskets with a well-defined classification of Largecap, Midcap, and Smallcap
Hyundai Motor India Ltd (HMIL) on Friday reported a 2 per cent increase in total sales at 70,078 units in October as compared to 68,728 units in the same month last year. Domestic sales were up marginally at 55,568 units last month as compared to 55,128 units in October 2023, the newly listed firm said in a regulatory filing. Exports were up 6.7 per cent at 14,510 units as compared to 13,600 units in the year-ago month, it added. "We witnessed a strong demand for our SUV portfolio during festive period, leading to our highest-ever monthly SUV sales at 37,902 units, including the highest-ever monthly domestic sales of the Hyundai CRETA at 17,497 units," HMIL Chief Operating Officer, Tarun Garg said. SUVs remain a cornerstone of the company's lineup, representing 68.2 per cent of the total monthly sales in October 2024, with similar penetration in urban as well as rural markets, he added.
About 270 companies have raised over $12.57 billion through IPOs in India so far this year, well above the $7.4 billion raised in all of 2023, LSEG data shows
Market analysts remain cautious on Hyundai Motor India, recommending profit booking and re-entry at lower levels, citing market volatility and the company's disappointing listing. Which auto stock you
The local unit of the Korean automaker now has a total of six positive recommendations, from Nomura Holdings Inc. and Macquarie Group Ltd. along with local brokers
HMIL's IPO had seen strong response from sovereign wealth funds and domestic mutual funds, but retail and wealthy investors sidestepped the issue amid a selloff in auto stocks and overall markets
The festival season often sees retail investors pulling back from the stock market as they become more focused on consumption rather than investment
Also plans to expand EV portfolio and production capacity
Market analysts remain cautious on Hyundai Motor India, recommending profit booking and re-entry at lower levels, citing market volatility and the company's disappointing listing
Hyundai Motor India, the country’s second-largest carmaker, made a shaky start on the stock exchanges. The shares listed at Rs 1,931 on the BSE, down 1.47 per cent.
The debut may set the tone for a string of other billion-dollar-plus deals coming to the market in India
On Wall Street, both the Dow Jones Industrial Average and S&P 500 closed lower, retreating from record highs as Treasury yields increased.
Hyundai's compatriot LG Electronics Inc. is also reported to be preparing for a potential IPO of its Indian unit
Fees from handling equity share sales hit Rs 3K cr in 2024
The share allotment for Hyundai Motor India Ltd’s IPO, is expected to be finalised on Friday, October 18. Here’s a quick guide on how you can check your IPO allotment status online
Hyundai Motor IPO Allotment: Hyundai India's shares in the grey market are now trading at a discount of around Rs 30 against the upper end of the IPO price of Rs 1,960
Today, the Supreme Court upheld the validity of Section 6A of the Citizenship Act, 1955, allowing citizenship for immigrants who entered Assam before January 1, 1966.
Sensex fell below the 81,000 mark. NSE Nifty slipped below 25,000 in trade
In its IPO, Hyundai Motor India Limited (HMIL) is seeking a valuation of 26.3 times its 2023-24 (FY24) earnings, approximately 10 per cent lower than the market leader, Maruti Suzuki India Limited