Hyundai Motor India shares fell 7.2% on their market debut on Tuesday after retail investors gave a lukewarm reception to the country’s biggest ever initial public offering (IPO) amid concerns about a lofty valuation and an auto industry slowdown. The stock listed at 1,934 rupees on the National Stock Exchange, below its offer price of… Continue reading Hyundai Motor India shares plunge 7% on debut after country’s biggest IPOHyundai was targeting a valuation of $19 billion via the offering.
Tag: Hyundai
Hyundai Motor India eyes 15% market share in EV segment backed by new launches
Post listing, Hyundai Motor India (HMI) is looking to penetrate the EV segment, as it eyes a 15% market share in the near future, backed by a series of upcoming launches and a robust localisation strategy. India’s second largest car maker Hyundai Motor India debuted on the stock exchanges on Tuesday. This IPO has become the… Continue reading Hyundai Motor India eyes 15% market share in EV segment backed by new launches
Hyundai Motor India’s shares give in to gravity on day 1, despite analyst backing
Despite leading broking houses issuing ‘buy’ ratings on the freshly minted shares of Hyundai Motor India, the stock fell by around 6% on its first day of trading. The shares, which were priced at Rs 1,960 during the IPO, ended their first day on Indian bourses at Rs 1,819.60. They had opened at Rs 1,934,… Continue reading Hyundai Motor India’s shares give in to gravity on day 1, despite analyst backing
Kia Proceed axed after 16 years on sale
The Kia Proceed has been pulled from the Korean firm’s UK line-up after 16 years due to languishing sales. Kia confirmed it was “rationalising” the Ceed model line to “focus on the most popular models”. The Proceed accounted for “a relatively small proportion” of Ceed sales, said the firm. The Ceed – in both hatchback and estate forms… Continue reading Kia Proceed axed after 16 years on sale
Hyundai India drops on listing day after record $3.3b IPOIts IPO was oversubscribed more than two-fold, led by institutional investors.
Hyundai Motor India’s shares dropped 5% in their market debut on Tuesday, after a tepid response from retail investors to the country’s largest-ever initial public offering over its pricing. The stock listed at 1,934 rupees on the National Stock Exchange, compared to its offer price of 1,960 rupees, and was last trading at 1,860 rupees at… Continue reading Hyundai India drops on listing day after record $3.3b IPOIts IPO was oversubscribed more than two-fold, led by institutional investors.
Hyundai India stock falls as much as 4.6% after record IPO
Shares of Hyundai Motor India fell as much as 4.6% soon after their stock market debut, but stabilised soon after. The automaker’s shares made their debut on the stock exchanges at a discount to the issue price. The listing price on the National Stock Exchange was Rs 1,934, representing a discount of 1.3% on the… Continue reading Hyundai India stock falls as much as 4.6% after record IPO
The IPO will help us become a truly local champion in India: Hyundai’s Jaehoon Chang
India’s second largest car maker Hyundai Motor India’s (HMI) debut on the National Stock Exchange marks an important milestone for the South Korean manufacturer as it primes for its next phase of growth in the Indian market, Jaehoon Chang, President & CEO, Hyundai Motor Corporation (HMC) said during the listing ceremony on Tuesday. “For 28 years,… Continue reading The IPO will help us become a truly local champion in India: Hyundai’s Jaehoon Chang
Hyundai Motor Group taking next big step in India with IPO, Chairman Euisin Chung
South Korean automaker Hyundai Motor Group is now taking the next big step in India with the Initial Public Offering of Hyundai Motor India Ltd, according to Hyundai Motor Group Executive Chair Euisun Chung. “Today’s IPO shows that HMIL is a key part of India. It demonstrates our commitment to this great nation and ensures… Continue reading Hyundai Motor Group taking next big step in India with IPO, Chairman Euisin Chung
Hyundai India IPO: Shares start trading at Rs 1,934, a discount of 1.3%
India’s second largest car maker Hyundai Motor India made its debut on the stock exchanges on Tuesday as its equity shares started trading at a listing price of Rs 1,934 on the NSE. The listing price represents a 1.3% discount to the issue price of Rs 1,960. This IPO has become the largest in the… Continue reading Hyundai India IPO: Shares start trading at Rs 1,934, a discount of 1.3%
5-Axis CNC Machining Centers Market to grow by USD 792.5 Million from 2024-2028, driven by self-optimized cutting technology, with AI powering market evolution – Technavio
NEW YORK, Oct. 21, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global 5-axis CNC Machining Centers Market size is estimated to grow by USD 792.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.09% during the forecast period. Self-optimized machine cutting is… Continue reading 5-Axis CNC Machining Centers Market to grow by USD 792.5 Million from 2024-2028, driven by self-optimized cutting technology, with AI powering market evolution – Technavio