CLSA initiates “Outperform” rating on Hyundai, sets target price of Rs 2,155
Global brokerage firm CLSA has initiated coverage on the recently listed Hyundai Motor India with an “Outperform” rating and a target price of Rs 2,155, predicting an upside potential of 20.5%, citing the automaker’s strong growth prospects and strategic expansion plans. Describing Hyundai’s positioning as ‘aspirational yet affordable’, the brokerage firm notes that while Hyundai … Read more