[Featured Stock] HD Hyundai Infracore Shows Strong 12%+ Rise in Late Trading Session

HD Hyundai Infracore is showing strong performance, rising more than 12% compared to the previous day.

As of 2:03 PM on the 5th, HD Hyundai Infracore is trading at 11,230 KRW on the KOSPI market, up 1,250 KRW (12.53%) from the previous trading day.

This is interpreted as reflecting expectations for improved earnings. After closing at 9,980 KRW on the 2nd, up 5.05% supported by net buying from foreigners and institutions, the stock has shown an upward trend for two consecutive trading days.

Lee Sangheon, a researcher at Hi Investment & Securities, analyzed, "Due to the Inflation Reduction Act and other factors, infrastructure investment is expanding following supply chain restructuring, and regional demand for key minerals used in electric vehicles has increased. Accordingly, mining investments are actively progressing, leading to increased sales mainly in advanced markets such as North America and resource-rich countries."

The researcher added, "In December last year, HD Hyundai Infracore signed an engine supply contract worth 183 billion KRW with Hyundai Rotem for the export project of the Polish K2 tank. The expansion of defense engine exports is beginning in earnest, and the growth potential of the engine sector is expected to become visible."