LG Electronics India could rise as much as 21% from current levels to Rs 2,000 in Jefferies’ bull-case scenario, with the brokerage seeing scope for market-share gains, higher in-house production, further premiumisation and stronger exports and B2B growth. In its base case, Jefferies has a ‘Buy’ rating on the company with a target price of Rs 1,895, implying 15% upside.
LG Electronics shares ended at Rs 1,636.80 apiece, down 0.80% from the previous close of Rs 1,650 on the NSE on Friday.
