Hyundai Motor India Ltd. has received positive ratings from analysts following a lackluster trading debut.
The local unit of the South Korean automaker garnered recommendations from prominent firms, including Nomura Holdings Inc. and Macquarie Group Ltd., as well as local brokers such as Motilal Oswal Securities Ltd.
In contrast, the stock has only faced one sell-equivalent rating, with no hold ratings issued.
This support from analysts is crucial for the company after its disappointing market entry.