LG Electronics India drops; Kotak starts with 'reduce'

LG Electronics India

10/12/2025 07:25

** LG Electronics India LGEL.NS drops 1.4% to 1,577.60 rupees

** Kotak Institutional Equities starts with "reduce" and Street-low PT of 1,600 rupees

** Says stock fairly valued; prices in 10% compounded growth of revenue, EPS between FY25 and FY28

** Kotak's rating equivalent to "sell"; stock rated "strong buy" on avg, per data compiled by LSEG

** Stock trading 8% below IPO issue price of 1,710 rupees since listing in mid October

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))