🔥 Trending LG Electronics India Share Price Analysis: Latest Updates and Forecasts

LG Electronics India's share price closed at ₹1,578.50 on the BSE on Thursday, August 13 ³⁵. This represented a marginal gain of 0.07% from its previous close ³⁵.

However, on Friday, August 14, LG Electronics India's shares saw a jump, rising 3.69% to ₹1,636.50 ⁷.

Recent Performance and Brokerage Outlook

LG Electronics India's stock has been in focus following its robust Q1 earnings report.

Q1 Earnings Highlights

• Net Profit: The company reported a net profit of ₹653 crore for Q1, marking a 27% increase year-on-year ⁵.
• Revenue: Revenue for the quarter was up 15% ³ or 15.5% ⁵.
• Exports: Exports also showed growth during this period ³.

Brokerage Views and Target Prices

Several brokerages have maintained positive outlooks on LG Electronics India's stock:

• Jefferies: Maintained a 'Buy' rating with a target price of ₹1,810, suggesting a 15% upside potential. Jefferies anticipates a strong 25% FY26-28E EPS CAGR, driven by a premium product mix and increased utilization at new facilities ².
• CLSA: Maintained an 'Outperform' rating with a target price of ₹1,885 per share, implying over 19% upside from the closing price on Thursday ⁴.

Brokerages are generally bullish on the company due to its focus on premiumization and potential for margin gains ⁴.