Hyundai Motor India shares gain 5% despite profit slump; Why brokerages remain bullish | Check target prices

Hyundai Motor India shares rose over 5% after it reported record Q2 FY27 sales and revenue, despite a 23.9% drop in net profit as costs climbed. Three brokerages maintained Buy ratings, while analysts said the stock’s technical outlook remained weak, with resistance near ₹2,020.