• Source:JND
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Hyundai Motors Share Price Today:  The shares of newly listed Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, jumped 6% on Wednesday, a day after their market debut. The BSE rose 5.91% to Rs 1,928.15 from its previous close. The NSE gained 6% to Rs 1,928.90. Hyundai Motor India Ltd shares made a subdued debut on the market on Tuesday, closing down more than 7% against the issue price of Rs 1,960.

At around 1:23 pm, the stock was trading at Rs 1,911, up 5% or 90 rupees. During the trading hours, the stock has hit an intraday high of 1,928.90 at NSE.

Hyundai Motor India Ltd's initial public offering (IPO) on October 17, the last day of bidding, was subscribed to 2.37 times, with the help of institutional investors. It was the country's largest IPO, surpassing LIC's initial Rs 21,000 crore share sale. The price band for the 27,870 crore initial share sale was Rs 1,865-1,960.

It was the first initial share sale of Japanese carmaker Maruti Suzuki in more than two decades since its 2003 listing. The initial public offer (IPO) was entirely an offer for sale (OFS) of 14,21,94,700 equity shares of promoter Hyundai Motor Company (HMC), with no fresh issue component.

How to buy Hyundai stock in India?

An Individual can only buy Hyundai India stocks if he has a Demat account with an authorised broker. Indian citizens should have a PAN card, so that they can have a Demat or online trading account with registered brokers like Motilal Oswal, Groww, Angel One, Zerodha and others. If a person has a Demat account then he can easily buy stocks of Hyundai Motors India by searching the name of it on his trading app's dashboard. However, foreign investors can invest in the Indian stock market but they have to follow certain norms. They have to register themselves as Foreign Portfolio Investors (FPI), or they need to be part of foreign institutional investment.

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Hyundai Motors Listing

Following a subdued debut in the market on Tuesday, Hyundai Motor shares fell as much as 6 per cent in intraday trade and further fell against the issue price of Rs 1,960. The stock was listed at Rs 1,931, reflecting a discount of 1.5 per cent against the issue price on the Bombay Stock Exchange (BSE). After the listing, shares of Hyundai Motors lost steam and tanked 5.81 per cent further to Rs 1,846. However, the stock gained some momentum in the afternoon trade, with the automobile stock trading down 3.7 per cent at 1,884.90 at around 1:09 p.m.

Shares of the firm opened 1.32 per cent lower at Rs 1,934 on the National Stock Exchange (NSE) and later traded shares of the firm fell 5.88 per cent to Rs 1,844.65 during mid-trading hours, meanwhile, the intraday touched a low at Rs 1,846.0 per share.