India's LG Electronics rises; DAM Capital initiates with 'buy'

LG Electronics India

17/04/2026 07:40

** Shares of India's LG Electronics LGEL.NS rise 0.75% to 1,562 rupees

** DAM Capital initiates coverage with "buy", PT of 1,785 rupees, cites improving profitability over next few years

** Brokerage says company's strong position in appliances and TVs supports steady growth

** Expects revenue CAGR ~11% and EBITDA CAGR of ~20% over FY26–FY28

** The electronics firm rated "buy" on average by 25 analysts, median PT of 1,780 rupees, according to LSEG-compiled data

** YTD, LGEL stock up ~2.7%

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))