Bengaluru, March 20 -- This MNC carmaker Stock is in Focus after Axis Capital initiated coverage with a Buy Target and a potential upside of 19.63 percent from current levels, citing a strong mix of MNC qualities and domestic OEMs execution capabilities.

With a market capitalization of 1,32,172 Crore the Stock of Hyundai Motor India opened at Rs. 1,648, up 2 percent from yesterday's close, and after opening it made a high of 1,654 up 2.35 percent.

Additionally, the shares have recently been listed on the exchanges and were also the first carmaker to list in 20 years, the shares are currently trading 17.25 percent below its 52-week high of 1,970.

Broker Target and Rationale

Axis Capital initiated coverage on the company with a buy rati...