[Featured Stock] Hyundai Motor Hits 52-Week High
On the 10th, Hyundai Motor's stock price surged, hitting a 52-week high.
As of 2:12 PM that day, Hyundai Motor's stock was trading at 211,000 KRW, up 2.93% from the previous trading day.
In the first quarter, Hyundai Motor recorded its highest-ever figures with sales of 37.8 trillion KRW and operating profit of 3.6 trillion KRW. Since the adoption of International Financial Reporting Standards (IFRS) in 2009, it surpassed Samsung Electronics for the first time to become the top listed company in quarterly operating profit.
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With strong demand expected to drive solid performance in the second quarter, the government's expansion of tax benefits in the electric vehicle sector is also interpreted as having a positive impact on investor sentiment.
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