The shares of LG Electronics India are in focus as the six-month lock-in period ends today, allowing over 44 crore shares to be traded. The stock debuted strongly in October 2024, listing at Rs 1,710.10 per share after its Rs 11,607-crore initial public offering (IPO) received more than 54 times subscription. Despite a recent recovery of over 15%, the shares remain more than 12% lower than their listing price but are still 32% higher than the IPO price.
Elara Securities has maintained an ‘Accumulate’ rating on LG Electronics India shares, setting a target price of Rs 1,750 apiece, indicating a potential upside of nearly 17%. The company anticipates FY26 revenue growth of 2-3% and expects Q4 revenue to increase by high-single to double digits. LG Electronics India aims for low double-digit margins in FY26, driven by price hikes in room air conditioners. The positive outlook is attributed to the company’s market leadership and growth strategies.
