Hyundai's IPO journey on Dalal Street sees initial decline and recovery

Hyundai's recent IPO in India has made a significant impact on the market, with the company's shares experiencing a decline after their record debut on October 22. However, the stock rebounded strongly the following day, indicating a recovery in market confidence.

The IPO is the largest in India to date and has attracted attention from both institutional and retail investors. The involvement of prominent investment bankers has been crucial in navigating this landmark offering, highlighting the growing interest in the Indian equity market.

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