Hyundai launches Bayon SUV, targets 250,000 mid-size sales in a year

Against that, the stock is +0.7% on the day at ₹1,863.20, and has returned -2.6% over three months. It sits 24% below its 52-week high. The auto sector has moved -6.8% over the same period, so Hyundai Motor India is running 4.2 points ahead of its peers.

For Hyundai Motor India, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.