Hyundai Motor India Shares Rise 5.6% as Brokerages Focus on Launches
Shares rose as much as 5.6% and were last up 3.9% at 1,940 rupees as some brokerages focused on product launches and export recovery plans despite lower quarterly profit and margins.
Shares of Hyundai Motor India NSE:HYUNDAI jumped as much as 5.6% on Thursday as some brokerages shrugged off a drop in quarterly profit and lower margins to focus on the automaker's product launches and export recovery plans.The stock was last up 3.9% at 1,940 rupees. Even with Thursday's gain, the…