Hyundai Motor India has captured the market’s attention with a powerful rally that signals the start of a new bull market. Backed by strong technicals, expert recommendations, and improving fundamentals, the stock has soared over 12% in just four trading sessions. With targets now being raised to as high as ₹2,300, investors are watching closely.
Technical Breakout Ignites Rally
Renowned SEBI-registered analyst Aditya Thukral has identified a classic “cup” breakout pattern in the stock’s chart. This bullish formation is supported by consistent higher highs and higher lows, with earlier resistance levels at ₹1,900 and ₹1,866.6 now acting as support zones.
Adding to the confidence is the positioning of the 50-day EMA near ₹1,840, suggesting further upside potential. Thukral has recommended entering the stock between ₹1,965–₹2,006, placing a stop-loss on a weekly closing basis at ₹1,800, and targeting ₹2,300 within the next two months.
Strong Market Cap Surge
On the performance front, Hyundai Motor India has jumped to a 52-week high of ₹2,144.90, increasing by over 12.4% in just a few sessions. This surge has pushed the company’s market capitalization to nearly ₹2 lakh crore, with current estimates around ₹1.75 lakh crore.
The stock has also made a significant comeback from its 52-week low of ₹1,542.95, registering a rally of over 33%. Importantly, it has now broken through its IPO price of ₹1,960 for the first time since listing.
Bullish Sentiment from Analysts
Brokerages are lining up with optimistic projections. Avendus Spark has set a price target of ₹2,350, while Nomura maintains a bullish stance with a revised target of ₹2,291. The stock is also trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — confirming strong trend alignment.
These indicators reflect broad investor confidence and growing institutional interest in Hyundai Motor India.
Long-Term Fundamentals Remain Strong
The company’s strong fundamentals are helping support this momentum. Although May saw a temporary dip in domestic sales due to planned maintenance, exports have continued to grow. Total monthly sales for May stood at 58,701 units, slightly down from 60,774 units in April.
Despite the short-term dip, analysts believe that Hyundai’s long-term story remains intact. The company is benefiting from robust export demand, a solid balance sheet, and a focus on operational efficiency. With low debt levels, strong profitability ratios, and expanding market share, Hyundai Motor India is positioned well for sustained growth.
Key Takeaways for Investors
| Insight | Details |
|---|---|
| Technical Strength | Breakout pattern, volume surge, and clear upside targets |
| Valuation Boost | Market cap nears ₹2 lakh crore milestone |
| Analyst Confidence | Targets raised to ₹2,300+ backed by trend strength |
| Business Resilience | Growing exports, manageable domestic dip, solid fundamentals |
As the auto sector benefits from rising consumer demand and improving macro trends, Hyundai Motor India looks well-equipped to lead the pack. Whether you’re a long-term investor or a short-term trader, this breakout offers a compelling opportunity.