Hyundai Motor India Stock Hits All-Time High On GST Reform Buzz

Shares of Hyundai Motor India Ltd. soared on Tuesday to hit a new all-time high of Rs 2,511. The rally comes amid growing optimism around a potential GST rate cut on automobiles, following Prime Minister Narendra Modi’s Independence Day announcement of a major overhaul in the tax structure. The stock, which debuted on the exchanges in October 2024 at Rs 1,934, has now surged over 25% from the issue price. Hyundai Motor India is a part of the Nifty Next 50 index and is India's second-largest passenger vehicle maker, with a major market share in the domestic market.