Key Points
They advise looking at Hyundai's long-term growth potential rather than getting caught up in the excitement of quick listing gains...
Hyundai Motor Indias much-anticipated initial public offering (IPO) opened today, October 15, and has been the talk of the town for some time..
They argue that Hyundais solid market position and strong financials make it an attractive investment, especially for those willing to look beyond the initial listing performance..
Hyundais leadership in this segment, along with its focus on higher-value vehicles like SUVs, makes it a strong contender in the long run.. Garg also believes that Hyundais consistent efforts to adapt to market trends, including its expansion into electric vehicles (EVs) and new energy ventures, will help sustain its growth..
While short-term gains may not be as high as expected, the companys long-term growth story makes it a strong contender in Indias automotive market...
You might be interested in
Bajaj Housing Finance IPO: Cash in on listing day or wait for long-term gain?
14, Sep, 24Brokerages tracking the IPO have already indicated that the IPO is set for a positive listing, with the grey market premium (GMP) indicating that investors will see their money double on listing day.
Why SME IPO investors need extra caution in weak stock market — explained
16, Mar, 24SME IPO investors get exposed to higher risk in a weak stock market due to the larger lot size of the public issue, the StoxBox expert said
Five companies to launch IPOs worth over Rs 7,000 crore this week
20, Nov, 23The flood of IPOs in this short period is unlikely to hurt liquidity in the main markets, said bankers. The money from one issue may not be available for the other; but except for that, the broader market may not see any effect, said Satyen Shah, president, Nuvama Investment Banking and Fixed Income.