Hyundai Motor India Shares Gain After Q2 Beat; Brokerages Stay Bullish on Margins and SUV Mix

The shares of Hyundai Motor India rose nearly 2 percent to an intraday high of ₹2,462 on October 31, a day after the automaker reported better-than-expected results for the July–September quarter (Q2FY26). The stock later pared gains to close 0.7 percent higher at ₹2,430.70 apiece, buoyed by bullish calls from major brokerages. Hyundai reported a 14 percent year-on-year (YoY) rise in consolidated net profit to ₹1,572 crore, supported by strong export demand that offset slowing domestic sales. Revenue grew 1 percent YoY to ₹17,461 crore. Analysts said the recent GST cut effective from September-end could revive car sales across the industry. 🌍 International Views Jefferies: Positive on margin beat and export growth but flagged domestic share loss. UBS: Sees new SUV launches driving margin expansion from FY27. Nomura: Expects market share gains in H2FY26, driven by strong SUV pipeline. 📈 Stock Performance Hyundai Motor India shares have gained over 6 percent in the past five days, but are down nearly 6 percent in the past month. Over a six-month period, the stock is up 42 percent, and has rallied 35 percent in 2025 so far. Hashtags: #HyundaiMotorIndia #Q2Results #AutoStocks #MotilalOswal #JMFinancial #HDFCSecurities #Jefferies #UBS #Nomura #SUVMarket #IndianAutomobileIndustry #StockMarketIndia