AutoHyundai India Is As 'Global' As It Is 'Indian', And That Works To Its Advantage: Axis
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Hyundai India Is As 'Global' As It Is 'Indian', And That Works To Its Advantage: Axis
Hyundai India is a fine mix of the qualities of an MNC with the execution abilities of a domestic OEM, Axis Capital said, initiating coverage on the stock.
Axis Capital initiated coverage on Hyundai India with a 'buy' rating and a target price of Rs 1,950. (Photo: Hyundai Motor India website)
Hyundai Motor India Ltd. is as global as it is Indian at the same time, and that works to its advantage, according to Axis Capital. That’s enough for a ‘buy’ initiation on the stock.“Hyundai India is a fine mix of the qualities of an MNC (multinational corporation) with the execution abilities of a domestic OEM (original equipment manufacturer),” Axis Capital’s Nishit Jalan, Amar Kant Gaur and Pradip Pandey said in a March 19 note. “...