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.