Hyundai Motor India share price falls over 5% amid weak Q2 results, extends decline to third session. Should you buy?
Hyundai Motor India share price plunged over 5% on Wednesday, November 13, extending its weakness, after the country’s second-largest automaker reported its Q2 results. Hyundai Motor India shares fell as much as 5.05% to ₹1,713.25 apiece on the BSE.
Hyundai India share price was down for the third day in a row, with the stock losing nearly 7% in three sessions.
Hyundai Motor India reported a 16% decline in its net profit for the second quarter of FY25, hurt by weak domestic demand and the Red Sea crisis that impacted exports.
The net profit for India unit of the South Korean carmaker fell 16% to ₹1,375.47 crore from ₹1,628.46 crore in the same quarter a year ago. Its revenue in Q2FY25 dropped 7.5% to ₹17,260.38 crore from
