Hyundai Motor India Ltd. experienced a decline in its Q2FY25 performance, falling short of market expectations due to various challenges. Despite facing difficulties in key export markets and a moderation in domestic market growth, the company managed to maintain its operating margin.
Improved realizations supported the company's performance, and medium-term prospects are expected to be more favorable due to the China plus strategy and protectionist measures impacting the tyre industry. While valuations are not considered inexpensive, they are deemed reasonable, indicating potential for long-term accumulation of the stock.
The current market capitalization is Rs 1.47 lakh crore, with a current market price of Rs 1,804.45, and the stock is rated as overweight.