[Featured Stock] Doosan Fuel Cell Hits New High on Sale Expectations

[Asia Economy Reporter Eunmo Koo] Doosan Fuel Cell continues its strong performance, hitting a 52-week high. This is interpreted as being influenced by expectations of a sale.

As of 10:38 AM on the 12th, Doosan Fuel Cell was trading at 10,100 KRW, up 2.64% (260 KRW) from the previous trading day. Following the previous day's limit-up, it has risen for five consecutive trading days. In particular, it reached 11,500 KRW intraday, setting a new 52-week high.

The stock price appears to have surged due to market expectations that the parent company, Doosan Co., Ltd., will sell Doosan Fuel Cell. Doosan Fuel Cell, a power generation fuel cell company spun off from Doosan Co., Ltd., is expected to be sold to normalize the management of Doosan Heavy Industries & Construction.