KB Laminates' stock soared 5.20% during intraday trading on Tuesday, marking a significant rebound for the company.

The surge follows a period of substantial decline for the stock, which had previously plummeted over 60% from its highs. The current rebound appears driven by strong industry fundamentals, including multiple price increases implemented by leading copper-clad laminate manufacturers throughout the year.

A key catalyst was the company's recent announcement of a 15% price hike for its FR-4 CCL products, a move that exceeded market expectations. This positive development was reinforced by Citibank raising its target price for the stock and maintaining a Buy rating, citing the price increases as above expectations. The broader PCB sector is also showing signs of recovery momentum, contributing to the stock's upward movement.