Particle.news
Download on the App Store
3 ARTICLES
·
last mo.

Goldman Sachs Initiates Buy on Hyundai Motor India With Rs 2,600 Target

Goldman Sachs cited Hyundai’s expanding product pipeline, plant capacity and macroeconomic tailwinds as catalysts even as the automaker posted declines in first-quarter profit and revenue.

Image

Overview

  • Goldman Sachs launched coverage of Hyundai Motor India with a Buy rating and set a share price target of ₹2,600.
  • The stock rose as much as 3% to ₹2,222 in early trading on August 12 following the research note.
  • Hyundai’s Q1 FY26 results showed net profit down 8.08% year-on-year to ₹1,369.23 crore and revenue down 5.37% to ₹16,412.87 crore.
  • The brokerage forecasts more than 8% compound annual volume growth to FY28 and a 120 basis-point market-share gain underpinned by a 26-model rollout featuring six electric vehicles and capacity from new plants.
  • Goldman Sachs warned of risks from model concentration in Creta and Venue, intensifying SUV competition from KIA and potential carbon-compliance costs.