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Brokerages turn bullish on LG Electronics; target up to ₹1,820
Brokerages raise LG Electronics targets to ₹1,705–₹1,820 citing demand and localization.
Brokerage firms Nomura, Ambit, Motilal Oswal, PL Capital, and Equirus initiated buy ratings on LG Electronics with target prices between ₹1,705 and ₹1,820. Analysts expect strong demand driven by India’s 14% CAGR home-appliance growth, premiumization, B2B expansion, and AMC revenue rising over 25% YoY. Localization is forecast to reach 63% by FY28. Despite rising competition and royalty hikes, brokerages cite LG’s strong brand, product depth, and export potential as key positives for long-term investors.