Shares of LG Electronics India Ltd. will be in focus on Wednesday, November 19, after global brokerage firm Morgan Stanley initiated coverage on the stock.

Morgan Stanley initiated coverage on LG Electronics India with an 'Overweight' recommendation and a price target of ₹1,864, which implies a potential upside of 15% from Tuesday's closing levels.

The foreign brokerage said LG Electronics stands out in the highly competitive consumer durables market, backed by industry-leading margins and strong capital efficiency.

Morgan Stanley expects the company's revenues and margins to be supported by new manufacturing capacity, higher export contribution, and growth in its business-to-business (B2B) segment.

It forecasts a 9% YoY drop in earnings in FY26, mainly due to weakness in the AC segmen

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