Hyundai Motor India (HMIL) is making headlines as it gears up for a crucial trading day on Tuesday following its inclusion in major indices like the NIFTY Next 50, NIFTY 100, NIFTY 500, and the S&P BSE 500. This announcement, made on March 28, is expected to attract significant attention from investors. However, on Friday, the company’s share price dipped by 3%, closing at ₹1,705.90, continuing a downward trend over the past five sessions, totaling a decline of more than 2.30%.

HMIL’s Strategic Milestone

Unsoo Kim, the Managing Director of HMIL, expressed enthusiasm over this achievement, stating, "Joining esteemed indices like the NIFTY Next 50 strengthens our position in the Indian stock market. As India progresses, so will Hyundai, with a steadfast commitment to innovation, operational excellence, and strategic investments that enhance our growth outlook and contribute to the broader economy."

Recent Market Developments

The National Stock Exchange of India (NSE) has welcomed HMIL into its prestigious NIFTY Next 50 index, along with various broad market and thematic indices. Notably, during the recent reshuffling by Morgan Stanley Capital International (MSCI) on February 28, 2025, HMIL was recognized as the sole large-cap Indian company to be added to the MSCI Global Standard Index.

Moreover, effective March 24, HMIL has also been incorporated into several BSE indices, including the BSE 500, BSE All Cap, BSE Large Cap, and BSE Large Midcap.

Record Sales Performance

In 2024, HMIL achieved its highest annual domestic sales to date, reaching 605,433 vehicles. This remarkable feat marks the third consecutive year of record sales, demonstrating the company’s robust market presence.

Stock Performance Overview

After its debut on the Indian stock market on October 22, 2024, where it made history with the largest IPO in the nation, HMIL’s stock faced challenges. Initially listed at a discount of 1.5%, at ₹1,934 on the NSE and ₹1,931 on the BSE, the stock has continued to struggle, witnessing a decline of over 7.48% since its launch.

In recent weeks, the share price has fallen by 1.39%, reflecting broader market apprehensions.

Analyst Insights: Buy or Sell?

From a technical standpoint, analysts warn that HMIL’s share price is displaying signs of weakness. A critical support level to monitor is ₹1,640. Anshul Jain, Head of Research at Lakshmishree Investment, noted, "After briefly hitting a low of ₹1,600 in early March and rebounding to ₹1,800, the stock has failed to break through the significant resistance at ₹1,950. It is now exhibiting a pattern of lower highs, indicating potential bearish trends. A sustained drop below ₹1,640 could trigger further declines toward the ₹1,400 mark."

Keep an Eye on Market Movements

Investors are urged to monitor price actions closely around the ₹1,640 threshold. A breakdown here could intensify selling pressure in the upcoming trading sessions.

For more insights on market trends, check out our analysis on other stocks making waves today.