Onto the big listing today- LG Electronics shares are making a debut on D’Street today, and Motilal Oswal Financial Services has initiated coverage on LG Electronics India with a ‘Buy’ rating even before listing on the bourses. The brokerage has a target price of Rs 1,800, implying that the stock may rise by 58% in the next 12 months.

Here are 3 reasons why the brokerage house initiated coverage and predicts the stunning 58% rally-

Motilal Oswal on LG Electronics India: Favourable tailwinds

Motilal Oswal stated that the Indian consumer durables market is expected to experience robust expansion. India’s home appliances and consumer electronics market is estimated to record a compounded annual growth rate (CAGR) of around 14% over CY24-CY29.

LG Electronics is considered well-posit

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