Hyundai Motor India: Trading Strategy on the First Day of Trading
Hyundai Motor India (1342Z IN) shares start trading on 22 October. The IPO price is 1,960 INR.
Although there has been some solid interest on this IPO among many institutional investors, there have been a lower interest among retail investors.
There has also been relatively low grey market premium. If the share price reaches in the positive upper single digits, we expect many traders to sell into this short-term rally.
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