Hot Stocks: Morgan Stanley, JPMorgan initiates coverage on Hyundai Motor; sees 17-24% upside in 1 year

Hyundai Motor is attracting attention from global brokerage firms like JPMorgan and Morgan Stanley, both giving it an 'Overweight' rating. They predict substantial returns for investors, setting target prices of Rs 2,200 and Rs 2,418 respectively. Hyundai's strong SUV and EV portfolio, coupled with India's growing auto market and premiumization trend, positions it for success.