AvendusSpark Securities has initiated research coverage on LG Electronics India Limited, assigning a 'Reduce' rating to the consumer durables stock. The brokerage firm has established a target price of ₹1,536.00 per share, providing investors with a specific price objective for the company.

Brokerage Recommendation Details

The initiation of coverage by AvendusSpark represents a new research perspective on LG Electronics India's stock performance and future prospects. The following table summarizes the key recommendation parameters:

Market Context

LG Electronics India Limited operates in the consumer durables sector and is classified as a large-cap stock. The company's shares are traded on major Indian stock exchanges, making it accessible to retail and institutional investors. The 'Reduce' rating suggests that AvendusSpark believes the stock may underperform relative to the broader market or sector peers.

Investment Implications

The initiation of coverage with a 'Reduce' rating indicates AvendusSpark's cautious stance on the stock's near-term performance. Investors typically consider such ratings when making portfolio decisions, though it's important to evaluate multiple research opinions and fundamental factors before making investment choices. The target price of ₹1,536.00 provides a specific benchmark for tracking the stock's performance against professional expectations.

LG Electronics India Limited has unveiled a strategic partnership with JOSHUA, a prominent member of the internationally acclaimed K-pop group SEVENTEEN, marking his entry into India's advertising landscape as the face of the company's Essential Series appliances. This collaboration represents a significant move by the consumer electronics giant to tap into the growing influence of K-pop culture among Indian consumers.

Brand Partnership Strategy

The JOSHUA X LG partnership brings together the K-pop star's international appeal, calm confidence, and cultural fluidity with LG's vision of simplifying everyday life for Indian households. JOSHUA's association with the brand highlights how thoughtfully designed appliances can reduce everyday effort, freeing up time and energy for what truly matters in life.

SEVENTEEN's Global Success

SEVENTEEN has established itself as one of the most influential acts in global music, known for powerful performances and distinctive creative structure. The group is celebrating its 10th anniversary in 2025, with their latest release "HAPPY BURSTDAY" landing at No. 2 on the Billboard 200, tying their highest rank on the chart.

The group's global dominance extends beyond records, becoming one of the world's top three touring acts on Billboard's 2025 Midyear Boxscore Top Tours chart. Currently on their career-spanning NEW world tour, the group's touring success marked a major milestone this year, ranking No. 1 among K-pop acts and No. 3 overall on Billboard's 2025 midyear Boxscore charts.

JOSHUA's Musical Achievements

As a key member of SEVENTEEN's vocal unit, JOSHUA is known for bringing refreshing charm to the group's sound with his distinctive pure voice and beautiful expressiveness. He has showcased his potential as a solo artist through "Fortunate Change (JOSHUA Solo)" featured on SEVENTEEN's 5th Studio Album "HAPPY BURSTDAY."

Notable Collaborations:

• New Kids On The Block's "Dirty Dancing (Dem Jointz Remix)"
• Pink Sweat$'s "17 (feat. JOSHUA and DK of SEVENTEEN)"
• SLANDER's "Love Is Gone (with JOSHUA of SEVENTEEN)"

Market Impact and Consumer Appeal

JOSHUA's presence adds a human, lifestyle-led dimension to the campaign, resonating particularly with Gen Z and millennial audiences who admire authenticity, global exposure, and meaningful simplicity. His influence reflects the growing intersection of K-pop culture and Indian consumer markets, where global icons are increasingly shaping local brand conversations.

Known for his composed presence and warm, grounded personality, JOSHUA represents a modern kind of stardom that feels aspirational yet relatable. These qualities form the emotional core of the JOSHUA X LG partnership, fueling anticipation for new experiences and connections it will bring to consumers.

About LG Electronics India

LG Electronics India Limited was established in January 1997, focusing on various consumer electronics and B2B businesses, from home appliances and media entertainment to HVAC and commercial displays. The company's manufacturing units at Greater Noida and Ranjangaon, Pune have the capacity to manufacture LED TVs, air conditioners, commercial air conditioning systems, washing machines, refrigerators, and monitors.