LG Electronics India gains after UBS starts coverage with 'buy', Street-high PT
BUZZ-LG Electronics India gains after UBS starts coverage with 'buy', Street-high PT ** Electrical appliances maker LG Electronics India's shares LGEL.NS rise as much as 2.26% to 1,762 rupees apiece
** Rise comes after UBS starts coverage of LGEL at a "buy" rating and a PT of 2,100 rupees, implying an upside of 22% over the last close
** UBS' PT is the highest among 32 analysts tracking LGEL with a "buy" rating
** UBS says it views LGEL as a high-quality structural compounding story with category leadership and premium brand equity
** Projects growth to accelerate through rising export opportunity, driven by 50 billion rupees ($517.85 million) Sri City investment, which will also enhance localisation
** Adds, new products in the next few quarters could drive a valuation re-rating
** LGEL shares are up 15.3% in 2026 so far, according to exchange data
($1 = 96.5525 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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