Goldman Sachs starts India's LG Electronics with 'buy'; stock up

LG Electronics India

18/02/2026 07:02

** LG Electronics LGEL.NS rises 0.17% to 1,553.20 rupees

** Goldman Sachs starts with "buy", PT of 1,750 rupees

** Says rising income levels, increasing demand for premium appliances position co to outpace industry growth

** Sees export growth potential as co expands manufacturing in India

** Adds co's market leadership, brand strength justify premium valuation within consumer durables sector

** Stock rated "buy" on average; median PT at 1,758 rupees, per data compiled by LSEG

** YTD, LGEL gains ~2%

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))