LG Electronics India received its first 'reduce' rating from Avendus Spark with a ₹1,536 price target, the lowest on the street. The brokerage warns of market share erosion and premium segment challenges despite strong manufacturing capabilities. The stock fell 0.9% to ₹1,546.60, down 12% from its post-listing high, though 16 of 18 analysts still maintain buy recommendations.
LG Electronics India Receives First 'Reduce' Rating from Avendus Spark Amid Market Share Concerns
