@subramanya bhatt Market sentiments around the listing remained weak. Take for example, Maruti share price which corrected by about 15% from ita peak. Hyundai on the other hand dipped by max of 8% from its listing price and now showing some strength.
In short term price can swing to any direction. For mid to long term investors, this 8/10% correction has little or no relevance.
Going forward, we may see some more correction if market sentiments or that of auto sector remains weak. However, analysts and firms giving higher upmove targets should not be ignored. Let's keep tracking this counter !