Clsa Initiates Lg Electronics India With 'outperform', Expects Margin: led growth
BUZZ-CLSA initiates LG Electronics India with 'outperform', expects margin-led growth ** Shares of LG Electronics India LGEL.NS rise nearly 1.4% to 1591.50 rupees
** CLSA initiates coverage with "outperform" rating, 1,830 rupees TP
** Brokerage says co to benefit from India's growing consumer durables market, driven by rising penetration, premiumisation and increasing affordability
** Expects co to maintain leadership across key appliance categories, supported by brand strength, broad product portfolio and distribution network
** Forecasts revenue and PAT CAGR of 13% and 24%, respectively, over FY26-FY29
** Average rating by 27 analysts on stock is "buy" with median PT of 1,746 rupees - LSEG-compiled data
** YTD, stock up about 7%; 6.31% lower since Oct debut
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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