LG Electronics is well placed to capture India’s fast-expanding consumer durables opportunity. (Photo Source: LG Electronics) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Brokerages are broadly positive on LG Electronics India Ltd., highlighting its strong market position, diversified product portfolio and consistent profitability. Both JPMorgan and BofA expect the company to benefit from rising consumer discretionary spending and long-term structural demand for home appliances in India.

JPMorgan has initiated coverage with an 'Overweight' rating and a target price of Rs 1,920, while BofA has started with a Buy call and a target price of Rs 1,840. Despite slight differences in estimates and valuation multiples, both agree that LG Electronics is well placed to capture I

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