InCred Equities projects a potential 26% drop in Hyundai Motor India’s shares, setting a target price of Rs 2,023. They believe limited GST impact and high reliance on exports and SUVs will hinder revenue growth, unlike Maruti Suzuki and Tata Motors. Despite strong recent margins, new plant overheads may pressure future EBITDA.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets