Hyundai Motor Shares Rise 6% Despite 24% Q2 Profit Drop
Hyundai Motor India shares increased by 6% even though its Q2 FY27 net profit fell 24% year-on-year due to rising commodity costs squeezing margins. Brokerages Nomura and Motilal Oswal maintained Buy ratings, highlighting new model launches, export growth, and potential margin recovery as reasons for their bullish outlook.
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