Hyundai IPO valuation: How it stacks against rivals Maruti Suzuki, M&M and Tata Motors

Hyundai Motor India will launch a Rs 27,870 crore IPO, expected to trade at 26X FY2024 earnings. Brokers have mixed views on its valuation. Some see it as high with limited short-term gains, while others find it fair compared to rivals Maruti Suzuki and Tata Motors. The listing is on October 22.