New Delhi, June 9 -- Hyundai Motor share price in focus: Maintaining its winning streak for the third consecutive trading session, Hyundai Motor's share price gained 6.6% in Monday's trade (June 9), hitting a fresh all-time high of Rs.1,984.80 apiece on heavy volumes. The rally also helped the passenger vehicle (PV) maker surpass its IPO price of Rs.1,960 for the first time since its listing in October last year.
The rally was driven by the company's management sounding optimistic about sustained growth in exports, which has offset weak domestic demand in recent quarters amid falling urban buyer interest and a high base in recent years.
Hyundai Motor India is targeting single-digit volume growth in exports in the current fiscal year. "W...
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