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LG Electronics' stock rises despite 27% profit drop
Business
LG Electronics India's stock is climbing, even after its net profit for the second quarter fell by 27.3% to ₹389.43 crore compared to last year.
Still, revenue edged up slightly to ₹6,174 crore, showing the company's business is holding steady.
Why investors aren't worried
Analysts remain upbeat about LGEIL's future thanks to its bigger production capacity and fresh focus on exports and B2B sales.
Firms like Centrum Broking call out its "resilience" and have set target prices as high as ₹1,800. JPMorgan has set a target price of ₹1,920.
The company's new Essential Series and push toward premium products are also expected to boost growth.
The stock is currently ruling at ₹1,680.20, gaining nearly 3% in the last one week.