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Your Take on Hyundai India Stock?
I understand this stock has largely been forgotten after its underwhelming IPO performance. Despite multiple AMC firms providing coverage and setting a target price of 2300–2400, the stock couldn’t even touch its issue price. With new EV launches expected at the Expo 2025, what’s your take on Hyundai’s IPO? The 1960 level seemed fully priced to me, but the 1750–1770 range felt like a decent entry point. There’s a support level at 1746 and resistance at 1800, 1857, and 1900. Being a debt-free company, its financials look solid (although I’m unsure about the performance of the last quarter’s earnings). I’ve parked funds purely with long-term horizon. https://preview.redd.it/z68wwk6kblde1.jpg?width=1178&format=pjpg&auto=webp&s=1d0b5c61db527de538eb2a955d79dea395777cdc Thanks for taking the time to read!3
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