LG Electronics India Shares Surge as Goldman Sachs Initiates 'Buy' Rating, Sees 13% Upside

• LG Electronics India shares opened higher after Goldman Sachs initiated coverage with a 'Buy' rating.
• Goldman Sachs set a price target of ₹1,750, implying a 13% upside from Tuesday's closing price.
• The brokerage expects LG India to outpace industry growth due to income shifts and premium product penetration.
• Innovation-led premiumization and parent company's 'Global South' strategy are key growth drivers.
• Concerns include rising competition, elevated commodity prices, and recent weak Q3 earnings.