&w=3840&q=100)
Hyundai Motor shares rally 7%, hit all-time high; what's behind the surge?
Hyundai Motor India share price today: The stock price of the passenger cars & utility vehicles company surpassed its previous high of ₹1,968.80, which it recorded on the listing day
Mumbai
Listen to This Article
Hyundai Motor India share price today
Shares of Hyundai Motor India hit a record high of ₹1,986.60 per share, as they rallied 7 per cent on the BSE in Monday's intraday trade amid heavy volumes, on expectation of a healthy outlook.
The stock price of the passenger cars & utility vehicles company surpassed its previous high of ₹1,968.80, which it recorded on the listing day i.e. October 22, 2024. Hyundai Motor India raised ₹27,870 crore via its IPO at an issue price of ₹1,960 per share.
Hyundai Motor shares have bounced back 29 per cent from their 52-week low of
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
tilaknagar industries: Allied Blenders buys rights to Mansion House and Savoy Club Brands
Mumbai: Allied Blenders and Distillers Ltd (ABD) said it has acquired global rights for Mansion House and Savoy Club brands from UTO Asia for $1.2 deal excludes territories such as Singapore, Malaysia, Indonesia, Philippines, Thailand, Cambodia, Vietnam, Laos, China, and Myanmar."The acquisition of UTO Asia and the associated ownership of worldwide right, title interest in the Mansion House and Savoy Club brands aligns with ABD's strategic expansion objectives, allowing it to gain full control over the Mansion House and Savoy Club brands on a global scale, while specifically addressing regional interests in key markets," it said in a BSE filing. In India, Tilaknagar Industries Ltd and ABD are involved in a trademark dispute over these brands. While Tilaknagar holds exclusive rights to sell these brands in India, ABD has been granted permission by the Bombay High Court to launch products under the same brand names, particularly in West Industries entered a pact with Herman Jensen (formerly UTO) nearly four decades ago and had claimed the latter ceded the rights of Mansion House brandy to rescue itself from a court action in Rotterdam in 1987. Under this arrangement, Jensen would retain Mansion House brand in whisky, which was a bigger business then. The Dutch side, however, argued that the arrangement was never legally solemnised and moved courts in 2008, when Mansion House brandy had emerged as a formidable brand in the Indian December 2011, a one-member bench of the Bombay HC held that Tilaknagar had the rights to Mansion House in India, but Herman Jensen went on to appeal before a division bench. In 2014, ABD bought a 50% stake in the two brands from Herman Jansen, giving ABD rights to produce and sell them in the country. In February this year, the Bombay HC dismissed Tilaknagar's plea and granted Allied Blenders permission to use the Mansion House brand name for some of its products in West Bengal.
Mint
4 hours ago
- Mint
NSE gets Sebi nod to launch electricity derivatives
The National Stock Exchange of India (NSE) has received approval from the markets regulator to launch monthly electricity derivatives contracts, said the exchange in a filing. Plans are underway to gradually introduce contracts for difference (CFDs) and other long-duration electricity derivatives such as quarterly and annual contracts, subject to regulatory approvals, Ashishkumar Chauhan, NSE managind director (MD) and chief executive officer (CEO), said. The filing said that the launch of monthly electricity futures will provide market participants with effective hedging tools against electricity price volatility, enable more accurate price signals in the power sector, and encourage capital investments across the electricity value chain—generation, transmission, distribution, and retail. Electricity derivatives gain prominence as India's journey toward achieving its net-zero emissions target demands substantial investment, estimated at over $250 billion annually until 2047, according to a Niti Aayog report. 'By 2030, renewable energy sources such as solar and wind are expected to contribute over 50% of the nation's installed power capacity. A robust and dynamic electricity derivatives market is essential to attract this scale of climate finance from both domestic and global investors,' the release said. 'A calibrated and phased approach will ensure both market integrity and investor confidence. It is crucial for the spot and futures electricity markets to evolve in tandem to create a virtuous cycle of liquidity and stability. A financially settled futures market will allow participants to hedge their risks effectively, while a robust day-ahead spot market will ensure reliable price discovery,' Chauhan said. 'Our strong understanding of both spot and derivatives markets uniquely positions us to build an integrated and liquid electricity derivatives market,' NSE said in the release. Recently, the Multi Commodity Exchange of India (MCX) also received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives. MCX's shares had risen over 5% and reached a record high of ₹ 7,820 on the BSE after the exchange obtained regulatory clearance to introduce electricity derivatives on 9 June.
The Print
5 hours ago
- The Print
Stock markets close higher on firm global trends, foreign fund inflows
In its sixth straight day of gains, the 50-share NSE Nifty ended 37.15 points or 0.15 per cent up at 25,141.40. The index moved between a low of 25,081.30 and a high of 25,222.40 during the day. In the six sessions to Wednesday, Nifty gained 598 points or 2.42 per cent. In a volatile session, the 30-share BSE Sensex rose by 123.42 points or 0.15 per cent to settle at 82,515.14. During the day, it climbed 391.79 points or 0.47 per cent to 82,783.50 , driven by gains in IT and energy shares. Mumbai, Jun 11 (PTI) Benchmark Sensex closed higher by 123 points while Nifty rose for a sixth consecutive day on Wednesday following a rally in global markets amid optimism over US-China trade talks and foreign fund inflows. After a flat start, the Nifty gradually moved higher in the first half and tested the resistance at 25,200, but failed to sustain the momentum at close, Ajit Mishra – SVP, Research, Religare Broking Ltd said. From the Sensex pack, HCL Tech, Infosys, Tech Mahindra, Reliance Industries, Bajaj Finserv, ICICI Bank, Tata Motors and Eternal were the lead gainers. Power Grid, Adani Ports, IndusInd Bank, Nestle, HDFC Bank and Hindustan Unilever were among the laggards. 'Profit-booking continues in the broader markets, driven by elevated domestic valuations. However, large-cap resilience is supporting the indices, with institutional investors favouring companies with stable earnings outlooks. 'Auto and IT sectors remain in focus – auto stocks are gaining on improved monthly sales, while IT shares are benefiting from optimism around a potential US-China trade resolution,' Vinod Nair, Head of Research, Geojit Investments Ltd, said. The BSE smallcap gauge went up by 0.06 per cent while midcap index dipped 0.12 per cent. 'Benchmarks ended with marginal gains on Wednesday extending their consolidation phase. Positive developments in US-China trade talks and a steady global equity environment helped buoy sentiment, though gains were tempered by profit-booking in certain sectors,' Satish Chandra Aluri, Analyst, Lemonn Markets Desk, said. Among sectoral indices, oil & gas surged the most by 1.83 per cent, followed by energy (1.33 per cent), BSE Focused IT (1.30 per cent), IT (1.25 per cent), teck (1.01 per cent), healthcare (0.74 per cent) and auto (0.19 per cent). Financial Services, FMCG, industrials, power, utilities, services, capital goods and bankex were among the laggards. As many as 2,227 stocks advanced while 1,821 declined and 132 remained unchanged on the BSE. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled in the positive territory. European equity markets were trading higher. US markets closed higher on Tuesday. Foreign Institutional Investors (FIIs) bought equities worth Rs 2,301.87 crore on Tuesday, according to exchange data. Global oil benchmark Brent crude climbed 0.43 per cent to USD 67.16 a barrel. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
