Jefferies has initiated coverage on LG Electronics India with a Buy rating and a target price of Rs 1,980, implying a 21% upside. The brokerage sees strong rerating potential as the stock trades 10–15% below peers like Blue Star and Havells. Its bullish view is supported by LGEL’s market leadership, superior margins, and capacity expansion plans to capitalise on rising demand.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets