LG India plans ₹50 billion capex for growth
pre-market1 source ↓written by the desknot a recommendation
- to boost localisation
- ₹50 billion capex
- boost localisation
- 54% to 63%
- in washing machines
- 33% market share
- washing machines
- 17.3% in air conditioners
- in share price
- 2% decline
LG Electronics India plans a ₹50 billion capex to boost localisation from 54% to 63%. The company holds 33% market share in washing machines and 17.3% in air conditioners. Despite a 2% decline in share price to ₹1,560.65, a brokerage has set a target price of ₹1,750, indicating a 12% upside for investors.
Not investment advice. For informational purposes only.