Jefferies initiated a Buy rating for LG Electronics India with a base case target price of Rs 1,895. This target suggests a 15% upside from current levels. A bull-case scenario projects a 21% surge to Rs 2,000.
The outlook relies on market-share gains and increased in-house production. Growth drivers include a shift toward premium products, exports, and B2B segments. Manufacturing expansion at the Sri City facility will support these objectives.
Jefferies forecasts a 13% compound annual growth rate for sales between financial years 2026 and 2029. Profit after tax is projected to grow at a 21% CAGR during the same period. The stock ended Friday down 0.80% at Rs 1,636.80.