Hyundai Motor India Limited (HMIL), the Indian subsidiary of the South Korean auto manufacturer, received a tepid response on the stock exchanges on October 22, 2024, upon its listing. The company's shares are listed at a 1.32 per cent discount, opening at Rs 1,934 against the initial public offering (IPO) price of Rs 1,960 on the National Stock Exchange (NSE). After surging to Rs 1,971 on a single 5-minute candle, a quick plunge started. Within ten minutes the price reached Rs 1,882 and currently, it has stabilised at Rs 1,881 almost 5 per cent down from its listing price.