Shares of LG Electronics India are set to rise as much as 83% from their issue price, brokerage firm Motilal Oswal projected in its bull case scenario while initiating coverage on the consumer durables player on Tuesday, October 14.

LG Electronics India's shares are set to make their stock market debut today and reports from the unlisted market are pointing towards a strong debut for one of India's largest consumer appliances manufacturer.

Motilal Oswal has initiated coverage on the stock on the day of its listing with a "buy" recommendation and a price target of ₹1,800 per share, which implies a potential upside of 58% from its issue price of ₹1,140 per share.

In its "bull case" scenario, Motilal Oswal has projected a price target of ₹2,085 for shares of LG Electronics India, which imp

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