14
Oct
LG Electronics India made a remarkable stock market debut on October 14, soaring 50.4% and reaching a valuation of $13.07 billion (Rs 1.15 lakh crore), surpassing the market capitalization of its South Korean parent, which stands at around $10 billion (Rs 8,800 crore). The stock listed at Rs 1,710.1 on the NSE and rose to Rs 1,714.90, compared to its IPO issue price of Rs 1,140. This marks the best debut for a billion-dollar IPO since Eternal in 2021. Brokerage Prabhudas Lilladher initiated coverage with a “buy” rating and a target price of Rs 1,780, citing strong brand positioning and…
