
Hyundai Motor India Faces Resistance Near ₹1,950: SEBI RA Prabhat Mittal Advises Waiting For Breakout
Hyundai Motor India should not be bought at current levels around ₹1,920, according to SEBI-registered analyst Prabhat Mittal.
The analyst advised traders to wait for a breakout and close above ₹1,984 before initiating fresh positions.
At the time of writing, Hyundai Motor India shares were trading at ₹1,927.60, up ₹66.50 or 3.57% on the day.
Mittal highlighted that the stock has consistently faced resistance in the ₹1,930–₹1,950 range since its listing.
While the recent stake acquisition in FPEL TN Wind Farm drove the stock to an intraday high of ₹1,984.80, it failed to hold above key resistance and slipped back below ₹1,950.
He said the stock also lagged broader market gains in March and April and recommended a stop-loss of ₹1,899 if a breakout trade is triggered.
The technical setup came after Hyundai completed its first investment tranche in FPEL TN Wind Farm Pvt Ltd.
The company released ₹16.58 crore towards the subscription of 23.6 lakh equity shares, giving it a 26.13% stake in the wind power venture.
This follows Hyundai's earlier November 2024 agreement to acquire at least 26% in FPEL TN Wind Farm with a total investment commitment of ₹38.05 crore.
On Stocktwits, retail sentiment was 'neutral' amid 'high' message volume.
The stock has risen 7.1% so far in 2025.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Kinesis Network Launches Revolutionary Compute Optimization Platform
- Bitvault Raises $2M From GSR, Gemini, And Auros To Launch BTC-Backed Money
- FBS Leads The Way With The Best Trading Conditions 2025 Award
- FXIFYTM And Weforest Partner Again To Tackle Deforestation In 2025
- XDC Network's XVC Tech Announces Investment In Laser Digital Carry Fund, Launches Institutional Fund Infrastructure With Libre
- Aixuspeed Reports $500K In Token Commitments Within First 72 Hours Of Pre-Sale
Comments
No comment