Hyundai Motors India made its debut on the Indian stock exchanges on Tuesday, October 22, with a mute listing price of Rs 1,934.00 per share on the NSE (National Stock Exchange) and Rs 1,931.00 on the BSE (Bombay Stock Exchange).
The shares of Hyundai Motors India hit the very first opening bell on the Indian stock market with a very poor listing with a negative 1.30 per cent on the NSE and 1.47 per cent on the BSE.
Listing gain
The shares of Hyundai Motors India did not give a substantial return to the investors. The passenger vehicle giant was listed with a negative premium of Rs 29.00 per share on the BSE (Bombay Stock Exchange).
Investors did not gain any profit on the Hyundai Motors IPO listing; investors lost in total (29 x 7 = 203) per lot on the BSE (Bomaby Stock Exchange).
Share performance
The shares of Hyundai Motors went on to touch the day-low level of Rs 1,844 per share on the NSE (National Stock Exchange). the stock declined almost
The #NSEBell has rung in the celebration of the listing of Hyundai Motor India Limited on NSE today at our exchange @NSEIndia.#NSEIndia #listing #IPO #StockMarket #ShareMarket #HyundaiMotorIndiaLimited @ashishchauhan pic.twitter.com/HrM15r2Kt6
— NSE India (@NSEIndia) October 22, 2024
(This is a developing story; more details are awaited).