New Delhi, Nov. 21 -- The losses in Hyundai Motor India share price deepened further as the stock slipped another 2.7% in intraday trade on Friday, November 21, to Rs.2,275 apiece, extending its decline for the second session.

The stock has come under severe selling pressure in recent weeks, having closed seven of the last nine weeks in the red, losing 18% of its value. From its all-time high of Rs.2,890, it is currently down 21%, erasing most of the gains it accumulated in August and September.

From April to mid-September, the stock had enjoyed an almost one-way rally that drove a 71% surge in value, pushing valuations to premium levels compared with its peer group-an uptrend that proved unsustainable and eventually led to a sharp corr...