- By Aditya Pratap Singh
- Tue, 12 Nov 2024 03:52 PM (IST)
- Source:JND
Hyundai Motors India Share Price: Hyundai Motors India shares fell up to 1% after the automaker reported a 16 per cent decline in its profit after tax (PAT) for the July-September quarter. Hyundai Motors India's Share price closed at Rs 1,803.95, down 0.99 per cent or 18.10 rupees on NSE on Tuesday. The shares of Hyundai Motors India fell over 6% after it made its debut on Exchnages on 22 October 2024.
Stocks Trades Below IPO Price
Currently, Hyundai Motors shares are trading at the level of Rs 1,803.95, down up to 6% as compared to IPO's price band, which was Rs 1,870 per share. Hyundai brought the biggest-ever IPO of the Indian stock market but failed to attract a lot of subscriptions from investors. In the last 30 days, the stock has slipped over 5%, or over Rs 114.
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Hyundai Motors Q2 results
Hyundai Motor India on Tuesday saw its consolidated profit after tax decline 16% to Rs 1,375 crore in the second quarter ended September 2024, owing to weak market sentiment and geopolitical factors. The automaker reported a consolidated profit after tax of Rs 1,628 crore in the July-September quarter of the previous fiscal.
Hyundai Motor India Ltd (HMIL) posted a total revenue of Rs 17,260 crore in the second quarter, up from Rs 18,660 crore in the year-ago period, it said in a regulatory filing.
Hyundai Motors India posted sales of 1,91,939 during the second quarter
The company said it sold a total of 191,939 units of passenger vehicles in the September quarter. This includes 1,49,639 units in the domestic market, with a strong contribution from the SUV segment, it added. HMIL said exports stood at 42,300 units.
