LG Electronics Share Price Live: GMP hits Rs 430 ahead of LG Electronics India debut at 10 am – sell, hold or buy?
LG Electronics Share Price Live: LG Electronics India offers strong long-term potential, says Mehta Equities’ Prashanth Tapse
Prashanth Tapse, Senior Vice-President (Research) at Mehta Equities, said that while LG Electronics India is expected to list at a premium, the company also represents a compelling long-term investment opportunity.
“Given its dominant position in India’s home appliances market and diversified product portfolio, investors who received allotment may hold the stock for the long term,” Tapse said. “Those who missed the allotment can take a wait-and-watch approach and look to buy on meaningful dips after listing.”
He added that the issue was attractively priced compared to industry peers, with positive growth prospects driven by steady demand and potential policy reforms that could enhance consumer affordability.
Source: www.moneycontrol.com