Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, on Tuesday made a muted market debut and further fell by nearly 6 per cent against the issue price of Rs 1,960.
The stock listed at Rs 1,931, reflecting a decline of 1.47 per cent from the issue price on the BSE. Later, the stock made some recovery and hit a high of Rs 1,968.80, up 0.44 per cent. But, it failed to carry the momentum and further tanked 5.81 per cent to Rs 1,846.
On the NSE, the stock made its debut at Rs 1,934, down 1.32 per cent. Later, in the trade shares of the firm tumbled 5.88 per cent to Rs 1,844.65.
The company’s market valuation stood at Rs 1,52,290.52 crore during the late morning trade.