LG Electronics shares jump 8% to 52-week high after Q2 results. Jefferies retains Buy, retains target price

Shares of LG Electronics India surged 8.5% to hit a fresh 52-week high of Rs 1,836 apiece on the NSE on Thursday, following a strong set of September-quarter results. The buoyant sentiment was further supported by a bullish outlook from global brokerage Jefferies, which reiterated its ‘Buy’ rating on the stock and retained its target price at Rs 1,950.

LG Electronics reported a 27% year-on-year (YoY) increase in net profit to Rs 489 crore for Q2FY27, up from Rs 389 crore in the corresponding quarter last year. Revenue from operations rose 19.5% YoY to Rs 7,380 crore from Rs 6,174 crore in Q2FY26.