India's Hyundai Motor extends gains on Q2 profit beat

Hyundai Motor India

31/10/2025 04:26

** Shares of Hyundai Motor HYUN.NS rise as much as 2% to 2,417 rupees, last up 0.2%
** Stock closed 2% higher on Thursday after results

** HYUN on track for first weekly rise in six weeks, eyes fifth straight session of gains

** India's third largest automaker posts 14% rise in Q2 consol profit y/y, beating expectations

** Co says export performance set to surpass FY26 target

** Jefferies says co beat estimates led by better margins

** Adds export growth strong, but concerned about co losing domestic passenger vehicle market share

** UBS says new launches and robust SUV pipeline to improve product mix, margin expansion from FY27 onwards

** Nomura says co's market share to improve in H2 on new launches, says SUVs expected to keep driving growth

** Stock rated "buy" on avg by 24 analysts covering it; median PT at 2,800 rupees - data compiled by LSEG

** YTD, HYUN up 34%

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))