Hyundai Motor India Ltd (HMIL) shares rose by 2.93% on October 23, 2024, closing at ₹1,872.90, up from the previous close of ₹1,819.60. This increase resulted in a market capitalization gain of approximately ₹4,350 crore, bringing the company’s total market cap to ₹1,52,485.53 crore.
Key Financial Highlights
- Stock Price: Rose 2.93%, from ₹1,819.60 to ₹1,872.90
- Market Cap: Increased by ₹4,350 crore to ₹1,52,485.53 crore
Market Debut
Hyundai Motor India shares made their market debut on Tuesday, October 22, 2024. The company’s shares were listed with a discount of 1.33% on the NSE, at ₹1,934 per share, lower than the issue price of ₹1,960. On the BSE, the stock was listed at ₹1,931, down 1.47% from the issue price. Despite the initial discount, the stock has shown a positive recovery on its second trading day.
The company’s strong brand presence and large IPO have attracted significant investor interest, and the stock’s performance is being closely watched by market participants.
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