Hyundai Motors Set to Fall After Disappointing Quarterly Results
Hyundai Motor India reported a 19% year-on-year (YoY) decline in its consolidated net profit for the December quarter. The profit stood at Rs 1,161 crore, compared to Rs 1,425 crore during the same period last year. This decline was attributed to lower domestic sales and exports.
As the stock has been recently listed, there isn't much historical data available for technical analysis. However, it has broken the previous closing low of Rs 1,635, which suggests that we can expect further declines, potentially leading to weaker results.
As the stock has been recently listed, there isn't much historical data available for technical analysis. However, it has broken the previous closing low of Rs 1,635, which suggests that we can expect further declines, potentially leading to weaker results.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.