LG ELECTRONICS
AI slump revives Asia’s forgotten trades from China to India
Global investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emerging as potential beneficiaries of the shift, with funds rotating towards undervalued stocks, domestic growth, healthcare, consumer companies and financials. India's limited AI exposure, easing oil prices and renewed foreign inflows are strengthening its appeal.
Cars to clogs: Dhanteras brings out best retail day of year; takes festive value sales up 20%
Buoyant festive demand in Dhanteras, India’s largest sales period, will be a relief to companies and retailers as it comes in the backdrop of deficient monsoons, high food inflation, volatility in IT sector employment, continued geopolitical uncertainties and risks of El Niño weather conditions.
Voltas names Noel Tata chairman emeritus; Q2 profit rises 53.5%
Voltas has announced the appointment of Sunil Alaric D’Souza as the new chairman. Noel Tata will step down as chairman on November 11, 2023. The company also designated Jayant Balan as managing director starting from May 25, 2027. Voltas recently reported significant financial growth with a 53.5% increase in quarterly profits. The leadership changes coincide with improved demand for the company's air conditioning products.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets staged a powerful rally, with Sensex jumping 2,009 points and Nifty gaining 576 points. Improved global sentiment, easing crude prices, US midterm election results, foreign investor buying and strong Q2 earnings lifted market capitalisation above Rs 500 lakh crore.
LG Electronics India enters automotive solutions business, plans manufacturing in Andhra Pradesh
LG Electronics India has received board approval to expand into automotive technology and manufacture vehicle solutions. The company plans to develop a range of products including infotainment, telematics, and advanced driver assistance systems. LG Electronics India will invest in phases based on market conditions and technological requirements.
LG Electronics shares jump 8% to 52-week high after Q2 results. Jefferies retains Buy, retains target price
LG Electronics India shares surged to a 52-week high after strong Q2FY27 results, with Jefferies retaining its Buy rating and Rs 1,950 target price. The brokerage expects 21% EPS CAGR through FY29, driven by premiumisation, capacity expansion and new business opportunities.
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LG Electronics India Q2 Results: Net profit jumps 27% YoY to Rs 489 crore; stock climbs 5%
LG Electronics India reported a net profit of Rs 489 crore for the second quarter of FY27, which is an increase. The profit jumped 27% year-on-year compared to Rs 389 crore from the same period last year. Revenue from operations totaled Rs 7,380 crore, showing a rise of 19.5% from Rs 6,174 crore previously. Following the earnings release, shares of LG India surged nearly 5% on the BSE exchange.
Stocks in news: BSE, Lenskart, Nykaa, Bharti Airtel, LIC, Aurobindo Pharma and Nalco
Indian equity markets have enjoyed a remarkable stretch, registering gains for five consecutive sessions. The Nifty 50 index showed impressive growth, sparking optimism for a breakout beyond 24,000. Companies like Lenskart, Aurobindo Pharma, and BSE are in the spotlight as they report positive earnings. Experts advise keeping an eye on the support levels as the bullish trend persists.
Tuborg maker Carlsberg India moves closer to IPO, files updated DRHP for complete OFS issue
Carlsberg India has filed an updated draft prospectus with Sebi for an IPO comprising 8.64 crore shares, entirely through an offer for sale by existing shareholders. The Tuborg maker could raise up to $700 million, according to earlier reports, as multinational companies increasingly tap India’s equity markets to monetise local businesses.
From 104 shareholders to nearly 80 lakh! Jio becomes India's most widely owned stock on listing day
Jio Platforms has become India’s most widely held listed stock, with 79.6 lakh shareholders following its blockbuster IPO, overtaking Tata Motors Passenger Vehicles, Reliance Industries and Vodafone Idea. From just 104 shareholders before the issue, Jio attracted over 1.38 crore applications and debuted at a market capitalisation of Rs 12.53 lakh crore.
Ambani pulls off a blockbuster: Jio IPO makes 13 records, rewrites Dalal Street history
Jio Platforms celebrated a remarkable achievement with its IPO, raising Rs 30,188 crore and drawing an unprecedented wave of investor interest. Over 1.38 crore applications poured in, breaking previous records for both institutional bids and public participation in Indian IPOs. The shares were issued solely as new equity, reinforcing the strong appeal and confidence in the Indian market offerings.
Jio IPO: Can India’s biggest-ever issue buck the trend of muted listing gains among mega IPOs?
Jio Platforms is gearing up for a groundbreaking debut on October 28, following a remarkable Rs 30,188 crore IPO. Historical insights indicate a varied trajectory for past mega IPOs in India. The overwhelming demand is evident from Jio's impressive 22.19 times oversubscription. Analysts are weighing Jio's market dynamics and valuation as they predict potential listing advantages, with investor strategies hinging on both immediate valuations and sustained business growth.
Jio IPO delivers smaller payday for bankers than other mega offerings
In a landmark move, Jio Platforms, supported by Mukesh Ambani, successfully secured ₹30,213 crore, marking the largest IPO in India’s history. Investment bankers were rewarded with ₹196 crore in fees, translating to only 0.65% of the total amount raised. In contrast, Hyundai Motor India achieved ₹27,859 crore while paying out a heftier ₹493 crore in fees, which amount to 1.77%.
Jio IPO closes today: Will it deliver a double-digit listing gain or become a long-term compounder?
Jio Platforms will wrap up its IPO bidding today, setting a new benchmark as India's largest public offering to date. With an overwhelming interest from investors, substantial gains are forecasted when the shares list. Analysts from various brokerages endorse participation, highlighting Jio's robust leadership in the digital market, with growth prospects that cover cloud services and enterprise solutions beyond telecommunications.
Jio IPO attracts Rs 70,000 crore in bids on day 1, outpaces LIC, NSE issues
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a rate of 9.42 times, while retail investors opted for a 0.73 times rate. Non-institutional interest was stronger at 1.68 times. The company plans to allocate a large share of the funds toward debt clearance, reflecting optimistic perceptions of Jio Platforms' future.
Navratri shoppers splurge on clothes, appliances as gadgets get pricier
Sales of apparel, footwear, and cosnumer durables increased over 20% during the recent Navratri-Dussehra festive period. Car retail sales saw a slight increase of 2% despite last year's GST-driven rush. Appliance sales were particularly strong, with air conditioners experiencing a growth of more than 50%. However, smartphone and television sales faced challenges due to rising prices of memory chips.
Haier India to invest ₹7,000 crore in new facility in Andhra
Haier India plans a ₹7,000 crore investment in a manufacturing facility in Andhra Pradesh, marking its largest investment in the country. The facility, expected to create 21,000 jobs by 2032, will focus on producing various home appliances and is strategically located in the rapidly growing Tirupati-Chennai-Nellore electronics corridor.
LG Electronics, Polycab among picks as premiumisation and infrastructure demand drive growth: Siddhartha Khemka
Consumer durable demand is showing an uneven festive recovery, with premiumisation and weather-led sales supporting select categories. Siddhartha Khemka picks LG Electronics and Polycab, citing their growth prospects, infrastructure demand and premiumisation. LG has a target price of Rs 2,075, while Polycab has a target of Rs 10,600.
India's cooling problem is becoming an electricity-cost problem, and the AC industry is trying to solve it
India’s rising temperatures and growing AC adoption: The country's AC market is predicted to grow significantly in the coming years due to rising temperatures and urbanization. A recent survey indicates that air conditioners are an essential part of household electricity consumption. Many consumers are prioritizing energy efficiency when purchasing air conditioning units to reduce their electricity bills. Companies are responding by introducing advanced technology and enhancing energy-saving features in their products.
Will Ambani's all-fresh Jio sale prove to be a masterstroke for investors?
Reliance Jio is set to roll out an ambitious Rs 30,213 crore IPO featuring solely new equity shares, not existing ones. In light of mixed results from recent Indian IPOs, this move aims to cut down Jio's debt while bolstering its financial standing. The company's IPO, valued at Rs 10.
HDFC Bank offers up to Rs 70,000 savings on credit card purchases during festive season: Offers on Croma, Reliance Digital, Vijay Sales and more
In its annual Festive Treats 2026 campaign, HDFC Bank is rolling out exciting financial product offers that allow customers to save up to Rs 70,000 on their festive shopping. The promotion includes special advantages on Xpress Personal Loans, credit cards, and EASYEMI payments.
Flipkart alumni seek Esop buyout; Local sourcing for ISM 2.0
Former Flipkart executives are seeking a full cash-out of vested Esops. This and more in today’s ETtech Top 5.
Apple to launch doorbell, lock, thermostat developed with LG
The products will be part of an ecosystem of devices that work with Apple’s new smart home hub, as well as an upgraded HomePod mini and fresh TV set-top box, according to people with knowledge of the matter. The new Apple devices are set to be introduced on Oct. 13.
Apple doorbell, Apple security camera, Apple lock: 7 smart home devices expected to be unveiled through LG collaboration on October 13
Apple smart home hub devices launch: Apple is preparing to roll out seven new smart home products built together with LG Electronics, covering a doorbell, cameras, a smart lock, a thermostat and a temperature sensor, according to Bloomberg's Mark Gurman. The devices will carry LG branding even though Apple shaped much of the design, and they are expected to work alongside a new Apple smart home hub set to debut on October 13.
AMFI reshuffle: NSE may get largecap status, SBI Fund Management may become midcap in H1 CY27
Nuvama expects NSE to enter the largecap category and SBI Funds Management to become a midcap in AMFI’s H1 CY27 reshuffle. Bosch, Siemens Energy India and others may be upgraded, while several largecaps could move down. The revised classification will take effect from February 1, 2027, after H2 CY26 market-cap rankings.
Despite price hike, appliance makers expect double-digit growth in festive sales
Air-conditioner and consumer appliance prices have risen 5-8% ahead of the festive season, but manufacturers expect sales to grow in double digits, driven by premiumisation, replacement demand, easy financing and improving consumer sentiment.
Consumer companies score low on R&D spending amid innovation chorus
Indian consumer firms are asserting their commitment to technology and innovation, yet their investment in research and development (R&D) remains unremarkably low. Analysis reveals that R&D spending barely rose to an average of 0.9% of sales, with prominent companies like ITC, Britannia, and Hindustan Unilever experiencing stagnant or even decreasing funding.
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