LG Electronics Share Price Target 2026: With the summer season approaching, electronic and consumer appliance stocks are beginning to attract renewed investor interest.
One such stock gaining attention is LG Electronics India, after global brokerage Morgan Stanley reiterated a bullish outlook on the company.
LG Electronics India operates in the household appliances and consumer electronics sector, offering products such as air conditioners, refrigerators, washing machines, and televisions.
Morgan Stanley believes that the stock is expected to outperform its sector and sees an upside of nearly 12.5 per cent.
Here's what the brokerage has to say about the household appliances stock.
Brokerage View on LG Electronics
Morgan Stanley has maintained an "Overweight" rating on LG Electronics India, with an unchanged target price of Rs 1,726.
The brokerage noted that demand for air conditioners is picking up in North and West India, while the summer season in South India has been delayed by about 7-10 days.
The brokerage also flagged that television demand is being supported by ongoing cricket events, and categories such as refrigerators and washing machines are witnessing year-on-year improvement in demand.
Morgan Stanley further stated that room AC growth is expected to strengthen in the fourth quarter, and the company is currently evaluating potential price hikes due to rising commodity costs.
In the long term, Morgan Stanley expects the AC segment to grow at a double-digit CAGR.
Additionally, LG Electronics India plans to expand capacity, with its Sri City AC manufacturing facility expected to become operational by October 2026, while AC compressor capacity expansion is projected to be completed by March 2027.
LG Electronics Share Price
On the Bombay Stock Exchange (BSE), the stock settled 3 per cent (Rs 46.3) lower at Rs 1,533.45 on Monday (March 9).
About LG Electronics Stock
Additionally, the stock was listed on the National Stock Exchange of India and the Bombay Stock Exchange last year and registered one of the highest listing premiums, highlighting strong investor demand at the time of its debut.
Currently, LG Electronics India commands a market capitalisation of Rs 1,04,086.35 crore.
LG Electronics Stock Performance
LG Electronics' stock declined 3.67 per cent in one week and 1.53 per cent in two weeks. However, it gained 0.78 per cent in one month and 3.23 per cent YTD, while falling 4.07 per cent over the past three months.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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