The shares of LG Electronics India are in focus as the six-month shareholder lock-in period ends today, freeing up more than 44 crore shares for trade. The stock had a strong listing in October 2024, debuting at Rs 1,710.10 per share on the NSE after its Rs 11,607-crore initial public offering (IPO) garnered more than 54 times subscription. The listing marked a 50% premium over its IPO price of Rs 1,140 apiece.
LG Electronics India shares have risen more than 15% to close at Rs 1,501 apiece on Monday, although they remain over 12% lower than their listing price and 32% higher than their IPO price. Elara Securities has reiterated its ‘Accumulate’ rating on the shares, with a target price of Rs 1,750 apiece, indicating an upside potential of nearly 17%. The company expects FY26 revenue to be flat or grow at a modest pace of 2-3%.
