LG Electronics India rises after JPM initiates with 'overweight'

LG Electronics India

19/11/2025 04:00

** Shares of LG Electronics India LGEL.NS rise 2% to 1,657.40 rupees

** J.P. Morgan initiates coverage with "overweight" and Street-high PT of 1,920 rupees - data compiled by LSEG

** Says India remains one of LG Electronics' 066570.KS key overseas markets, contributing 4.3% to global revenue in 2024 and accounting for a significantly higher share of profits due to stronger margin performance

** Says co's penetration into both value and premium market segments, wide distribution channels and a well-entrenched service network to provide a long runway for growth

** JPM sees revenue growth of 12% over FY26-28 and margins rise up from H126 lows to 12%/13% y/y in FY27/28 led by growth revival and sustained localization efforts

** LGEL down 2% since Oct 14 listing

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))