Hyundai Motor India reports 16 percent profit drop amid investor disappointment

Hyundai Motor India's net profit for the quarter ending September decreased by 16 percent to Rs 1,375 crore.

As a result, the company's shares on the NSE fell by 4.7 percent to Rs 1,720.2 per share at 11:10 am.

Samir Arora, founder of Helios Capital, expressed concerns about the situation, suggesting that Korean promoters have performed better than their Indian counterparts in terms of growth narratives. Arora's comments, shared on social media, highlight the potential disappointment that can arise when IPOs have inflated growth expectations that are not met. The market's reaction to Hyundai's earnings report reflects broader investor sentiment and raises questions about future growth prospects and the sustainability of high valuations in the automotive sector.

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