Kardemir (D) stock fell 3.33 percent below its 52-week high

Published on 10/08/2026 at 03:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kardemir (D) stock closed at TRY 42.92 on October 7, 2026, after reaching TRY 45.20 during the session. H1 profit reached TRY 5.98 billion, but sales fell year over year.

Kardemir (D), TRAKRDMR91G7, Illustration mit AI erstellt.

Kardemir (D) stock (ISIN TRAKRDMR91G7) fell 3.33 percent to TRY 42.92 on the Istanbul Stock Exchange on October 7, 2026. The session high was TRY 45.20 and the low was TRY 42.32, giving investors a clear measure of the day's range.

Stock stays below yearly high

The close was TRY 5.52 below the 52-week high of TRY 48.44, a gap of 11.4 percent. The 52-week low stood at TRY 23.50, leaving the stock 82.6 percent above that level on October 7, 2026.

Trading volume reached 38,577,199 shares, while Kardemir's market capitalization stood at TRY 48.9 billion as of the same session. The share opened at TRY 44.40 and moved through a range that stretched from TRY 42.32 to TRY 45.20.

Profit returns as sales decline

Kardemir's H1 2026 results provide the fundamental counterpoint to the price move. According to Quartr in its September 21, 2026 summary, net profit reached TRY 5.98 billion in the six months to June 2026, reversing a loss in H1 2025.

The improvement came alongside lower sales. Revenue totaled TRY 37.35 billion in H1 2026, compared with TRY 39.50 billion a year earlier, a decline of 5.4 percent. EBITDA reached USD 102 million, with an EBITDA margin of 12.7 percent, while gross profit margin improved to 9.2 percent from 5.2 percent.

Analysts see upside from TRY 42.92

The analyst consensus remains Buy, with 7 analysts listed by Investing.com. The average 12-month price target is TRY 51.211, while the published high and low estimates are TRY 61.57199399 and TRY 43.4741555. The average target lies 19.3 percent above the October 7 close.

That range also shows why the operating data matter. The low estimate sits only TRY 0.5545 above the latest close, while the high estimate is TRY 18.65199399 higher, leaving a wide spread between the most cautious and most optimistic published views.

Kardemir (D) stock closed at TRY 42.92

Kardemir (D) stock closed at TRY 42.92 on the Istanbul Stock Exchange on October 7, 2026, with the 52-week range at TRY 23.50 to TRY 48.44. The next valuation checkpoint is whether the H1 profit recovery can continue while revenue remains below the prior-year level.