Morgan Stanley sees multi-year growth runway for LG Electronics as it initiates coverage; stock jumps 3%

LG Electronics India shares saw an uptick on Wednesday after Morgan Stanley initiated coverage on the stock with an overweight rating, highlighting strong margins, capital efficiency, and growth potential from new manufacturing, exports, and B2B operations. While near-term FY26 earnings may dip, medium-term expansion and localisation efforts are expected to drive revenue, margins, and steady earnings growth through FY28, the brokerage said.