Hyundai Motors Set to Fall After Disappointing Quarterly ResultsHyundai Motor India reported a 19% year-on-year (YoY) decline in its consolidated net profit for the December quarter. The profit stood at Rs 1,161 crore, compared to Rs 1,425 crore during the same period last year. This decline was attributed to lower domestic sales and exports.
As the stock has been recently listed, there isn't much historical data available for technical analysis. However, it has broken the previous closing low of Rs 1,635, which suggests that we can expect further declines, potentially leading to weaker results.
