LG Electronics India shares may rally up to 17%, Motilal Oswal says, flagging margin comeback, other triggers

Motilal Oswal has reaffirmed a ‘Buy’ on LG Electronics India, saying the market is overlooking its margin recovery and premiumisation-led growth. Despite a weak Q2 marked by softer demand and cost pressures, the brokerage sees up to 17% upside, backed by localisation, premium product mix, and a deeper B2B push across HVAC and display solutions.