LG Electronics India Shares Plunge as Lock-in Ends; Avendus Spark Issues 'Reduce' Rating

• LG Electronics India shares fell 4% as a three-month shareholder lock-in period ended on January 8.
• Approximately 15.2 million shares (2% of equity) are now eligible for trading, valued at ₹2,211 crore.
• Avendus Spark initiated coverage with a "Reduce" rating and a ₹1,536 price target on December 24.
• The stock has risen 28% from its issue price but corrected 17% from its post-listing high.
• Promoters hold 85% stake; Mutual Funds, FPIs, and 28 lakh retail shareholders hold the remaining public float.

Why It Matters: LG Electronics India shares dropped as lock-in ended, making 2% equity eligible for trade.