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Hyundai Motor India’s shares decline in debut after record IPO

IndiaTimes Tuesday, 22 October 2024
Hyundai Motor India Ltd shares dropped nearly 6% on their first trading day in Mumbai, despite being the largest IPO in the country's history. Retail investors bought only half of their reserved portion, while institutional demand was strong. Analysts see potential long-term value amid India's growing economy and car market.
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