Hyundai Motor India shares jumped 6% even as profit declined, with revenue up 5% to Rs 18,916 crore and a Rs 21 per share dividend recommended. Nomura stays Buy but cuts its target to Rs 2,407 from Rs

What happened: Hyundai Motor India shares rose to Rs 1,973.80 on the NSE after Q2 results, even as net profit fell 24% YoY. Key numbers: Revenue up 18.5% YoY to Rs 20,696 crore. Total expenses up 24% to Rs 19,302 crore. EBITDA down 19% to Rs 1,975 crore. EBITDA margin 9.5% versus 13.9%. Nomura cut target to Rs 2,442 from Rs 2,498, keeps Buy. Why it matters: Both brokerages stayed bullish, with Motilal Oswal citing strong Bayon bookings, a Q4 launch, third-shift ramp-up at Pune and an export order book, and projecting about 16% earnings CAGR over FY26-28.

Hyundai Motor India shares rose to Rs 1,973.80 on the NSE after Q2 results, even as net profit fell 24% YoY.

Both brokerages stayed bullish, with Motilal Oswal citing strong Bayon bookings, a Q4 launch, third-shift ramp-up at Pune and an export order book, and projecting about 16% earnings CAGR over FY26-28.