LG Electronics Share Price Live: LG Electronics India shatters Rs 10,000 crore IPO curse; Emkay sets Rs 2,050 target

LG Electronics India Ltd is set to make its stock market debut today, October 14, following a well-received IPO. Motilal Oswal highlighted in its report that the share price could see a potential 58% upside, reflecting the company’s strong position in the consumer electronics industry.

According to MOFSL, “The company plans to balance between premium and mass products as part of LG’s global strategy, aiming for the premiumization of mass products. This approach is expected to improve affordability and expand its customer base.”

Motilal Oswal further noted that, based on the upper price band of the IPO, it has initiated coverage on LG Electronics India with a BUY rating and a target price of Rs 1,800, based on 40x FY28E EPS. The company has a strong presence across both online and offline channels in India, with offline stores dominating key consumer durables categories, including TVs, washing machines, refrigerators, air conditioners, ovens, and water purifiers.