2025-04-12 12:03:40 pm | Source: Motilal Oswal Financial Services Ltd
Buy Hyundai Motor Ltd For Target Rs. 1,990 by Motilal Oswal Financial Services Ltd
* Hyundai posted 1% YoY decline in volumes in 4Q. Strong growth in exports (+14% YoY) helped to offset the weakness in domestic markets (-4% YoY).
* Given the one-off expenses in 3Q, we expect EBITDA margin to improve 90bp QoQ to 12.2%.
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