Day 2 on D’Street, and ‘life’s good’ for LG Electronics India shareholders. The share price of LG Electronics is upbeat in trade today after the stunning listing yesterday (October 14). Most brokerages have given a Buy rating to the stocks on the back of attractive valuations. Nomura too has reiterated Buy with a target price of Rs 1,800 per share. This indicates room for another 5% upside after the 50% listing pop.

Nomura’s FY27-FY28 EPS estimate for LG Electronics India is at Rs 48 per share. “Considering its strong growth outlook, improving profitability and robust ROE (return on equity) of 31% in FY28F, we value the shares at 40x target P/E,” Nomura added. According to Nomura’s calculation, the stock is trading at “35x FY28 PE.”

Nomura on LG Electronics India: Betting on strong

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