LG India's ₹50 billion capex aims for growth acceleration
after close1 source ↓written by the desknot a recommendation
- to enhance localisation
- ₹50 billion capex
- enhance localisation
- 54% to 63%
- 33% in washing machines
- 17.3% in air conditioners
- in share price
- 2% decline
LG Electronics India plans a ₹50 billion capex to enhance localisation from 54% to 63%. The company holds significant market shares, with 33% in washing machines and 17.3% in air conditioners. Despite a 2% decline in share price to ₹1,560, a brokerage has set a target price of ₹1,750, indicating a 12% upside potential for investors. 📈
Not investment advice. For informational purposes only.