Nomura has reiterated its buy rating on Hyundai, raising the target price to Rs 2,291. The stock currently trades at Rs 1,839.70.
The brokerage highlighted that Hyundai’s Q4 margins delivered a strong beat, with results showing resilience in a tough market environment and outperforming peers. Nomura also pointed to stronger visibility on medium-term growth, backed by a robust new model cycle expected to kick off from the second half of FY26 and an increased focus on exports.
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