Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, on Tuesday made a muted market debut and ended more than 7% lower against the issue price of Rs 1,960.
The stock listed at Rs 1,931, reflecting a decline of 1.47% from the issue price on the BSE. The stock made some recovery during the initial trade and hit a high of Rs 1,968.80, up 0.44%. But it failed to carry the momentum and slumped 7.80% to Rs 1,807.05 during the day. Shares of the firm finally ended at Rs 1,820.40 apiece, down 7.12%.
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