The stock opened at ₹1,710.10 on the National Stock Exchange, far above its issue price of ₹1,140. It later touched ₹1,749 before settling at ₹1,695 by noon. Investors showed strong confidence in LG’s solid brand image and wide distribution network.

Brokerages expressed optimism about LG Electronics India. Prabhudas Lilladher and Motilal Oswal both gave a “Buy” rating, setting targets of ₹1,780 and ₹1,800. They highlighted LG’s leadership in key categories, focus on localisation, and premium product strategy as key growth drivers.

India’s home appliances and consumer electronics market is projected to grow 14% annually from 2024 to 2029. LG Electronics India, already a leader in major product segments, is positioned to capture this growth. The company’s quarterly profit stood at 688.9 billion won ($482.6 million), an 8.4% drop from last year.

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Despite significant foreign fund outflows in the past year, domestic investors have remained resilient. The report noted that while earnings growth may slow slightly, government policies are providing a positive boost for equities, and most foreign funds remain lightly positioned.

The report highlighted that foreign investors have mostly sold in Asian markets this year. Yet, Indian equities have gained about 20 per cent due to steady inflows from retail investors. Meanwhile, momentum in Chinese equities may slow despite recent gains, especially in Hong Kong.

HSBC also commented on other Asian markets. Japan, Korea, and Taiwan attract investors via AI-focused trades, though Korea is now crowded. ASEAN markets face low investor confidence, influenced by political issues in Thailand and Indonesia. Valuations in Japan and Korea have risen, and the weaker yen has supported Japanese equities.

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• State Bank of India and Bharti Airtel were the biggest gainers. SBI’s market value jumped by Rs 35,953.25 crore, reaching Rs 7,95,910 crore.
• Bharti Airtel’s valuation increased by Rs 33,214.77 crore to Rs 11,18,952.64 crore, reflecting strong investor sentiment.
• Tata Consultancy Services (TCS) added Rs 12,952.75 crore, pushing its market cap to Rs 11,46,879.47 crore.
• LIC rose by Rs 12,460.25 crore to Rs 5,65,612.92 crore, while Infosys gained Rs 6,127.73 crore, reaching Rs 6,39,901.03 crore.
• HDFC Bank saw a small increase of Rs 230.31 crore, standing at Rs 14,84,816.26 crore.

On the other hand, ICICI Bank’s valuation fell by Rs 10,707.87 crore to Rs 10,01,654.46 crore. Bajaj Finance lost Rs 6,346.93 crore, and Hindustan Unilever declined by Rs 5,039.87 crore. By week-end, the most valued companies were HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Bajaj Finance, Hindustan Unilever, and LIC. Last week, top firms had gained Rs 1,06,250.95 crore, with Bajaj Finance being the major gainer, showing the BSE’s continued upward trend.

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