Shares of LG Electronics India Ltd. made a stellar debut on the bourses on Tuesday, October 14, listing at a 50% premium in comparison to its issue price of ₹1,140 per share.

As many as six analysts have initiated coverage on shares of LG Electronics India on the day of its listing, and all of them have a "buy" recommendation on the stock.

The LG Electronics India IPO became the most bid issue of India on record. The IPO received bids for over ₹4.4 lakh crore, in comparison to the issue size of ₹11,607 crore.

Lets take a look at what analysts had to say:

Motilal Oswal

Motilal Oswal initiated coverage on LG Electronics India with a "buy" rating and a price target of ₹1,800 per share, which implies a potential upside of 58% from its issue price.

The brokerage said that LG Electronics I

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