Hyundai Motor India upgraded to hold on strong fundamentals
after close1 source ↓written by the desknot a recommendation
- stands
- 27.7
- 16.85
Hyundai Motor India has been upgraded to hold due to improved valuation metrics. The P/E ratio stands at 27.7, supported by a ROE of 32.56% and ROCE of 59.51%, indicating strong capital utilization.
The EV/EBITDA ratio is 16.85, reflecting reasonable pricing relative to earnings. This upgrade suggests positive sentiment for traders as the company’s fundamentals remain robust.
Not investment advice. For informational purposes only.