KAI's stock price is rising more than 4% thanks to the upward revision of target prices by the securities industry.
According to the Korea Exchange and others on the 16th, as of 9:57 a.m. that day, KAI's stock price recorded 81,300 won, up 4.5% (3,500 won) from the previous trading day.
Following five consecutive days of stock price increases since the 10th, it started at 78,700 won that day and at one point rose over 5%, reaching 81,800 won.
The rise in stock prices that day is interpreted as being driven by the securities industry broadly adjusting the target price for KAI upward, as the company's first-quarter performance exceeded market expectations.
LS SECURITIES adjusted KAI's target price upward by 37.7%, from 68,000 won to 95,000 won that day. Kiwoom Securities proposed a target price of 96,000 won for KAI.