The shares of LG Electronics' IPO debuted at 50% premium over issue price at Rs 1,719 on the NSE (Image Source: LG) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Shares of LG Electronics India Ltd. are trending positive on Wednesday's session following Morgan Stanley's initiation and a subsequent note that highlights the company's excellent fundamentals.

The stock is trading at Rs 1,675, reaching intraday high of Rs 1,678. This accounts for gains of more than 3% and compares to Tuesday's closing price of Rs 1,624.

The positive rally in LG Electronics' shares comes on the back of Morgan Stanley's bullish note on the counter, with the brokerage firm initiating coverage with a 'buy' call and a target price of Rs 1,864.

Morgan Stanley described LG Electronics India as a "

See Full Page