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LG Electronics India share price extended gains for the second consecutive session on Wednesday, October 15
LG Electronics
LG Electronics Share Price: LG Electronics India share price extended gains for the second consecutive session on Wednesday, October 15, rising as much as 1% to Rs 1,708.35 on the exchanges.
The home appliances and consumer electronics major had made a blockbuster market debut on Tuesday, listing at a 50% premium over its issue price. The stock opened at Rs 1,715 on the BSE and Rs 1,710.10 on the NSE. Prior to listing, LG Electronics’ shares were trading at around Rs 1,562 in the grey market, implying a 37% premium.
The Rs 11,607 crore IPO of LG Electronics India was entirely an offer for sale (OFS) of 10.18 crore shares, with a price band of Rs 1,080–Rs 1,140 per share. The issue became India’s most oversubscribed IPO, drawing bids worth nearly Rs 4.5 lakh crore. The Qualified Institutional Buyers (QIBs) segment was oversubscribed 166.51 times, while Non-Institutional Investors (NIIs) subscribed 22.44 times, and Retail Individual Investors (RIIs) subscribed 3.54 times.
LG Electronics share price: Buy, sell, or hold?
Brokerage firm Motilal Oswal has initiated coverage on LG Electronics India with a ‘buy’ rating and a target price of Rs 1,800 per share, implying a 58% upside potential. The brokerage said, “We initiate coverage on LGEIL with a BUY rating and a TP of Rs 1,800, premised on 40x FY28E EPS. LGEIL should trade at a higher multiple given strong return ratios, higher OCF conversion, and a strategic focus on localization.”
Meanwhile, Emkay Global Financial Services has also given a ‘buy’ rating with a target price of Rs 2,050, indicating up to 80% upside potential. It expects a growth revival, projecting revenue and EPS CAGR of 13% and 14%, respectively, over FY26E–FY28E, supported by stable margins (~13%), strong return ratios (32% RoE / 44% RoCE), and a 7.6% FCFE yield by FY28E.
The brokerage added that LG’s diversified category leadership, focus on mass-premium product expansion, and superior RoEs (31–33%) compared with peers like Havells (14–20%) and Blue Star (18–21%) justify a premium valuation of around 50x earnings.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
October 15, 2025, 11:06 IST
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