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LG Electronics Shares May Rally 22%, Says Motilal Oswal - Check Target Price

According to the brokerage, LG Electronics is well placed to benefit from structural premiumisation across TVs, refrigerators, washing machines and ACs, while the expanding LG Essential portfolio provides an additional growth factor by broadening its addressable market. Over the medium term, Motilal Oswal expects Sri City capacity expansion, deeper localisation and increasing exports to further strengthen the growth and profitability profile. NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy. Motilal Oswal Report Domestic brokerage firm Motilal Oswal values LG Electronics Ltd. at 45 times Sep'28E earnings per share to arrive at a target price of Rs 2,080 and has reiterated Buy rating implying a potential upside...
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Helped Boost Ties: PM In Letter To Tarique Rahman After Khaleda Zia's Death

Prime Minister Narendra Modi, in his condolence letter to Tarique Rahman - the son of Bangladesh's former Prime Minister Khaleda Zia and the acting chairman leader of Bangladesh Nationalist Party - recalled his association with her and expressed hope that the people of Bangladesh, who have shown "remarkable strength and dignity throughout their history... will continue to be guided by their shared values, democratic traditions, and a deep sense of national unity".

PM Modi's letter was delivered today by External Affairs Minister S Jaishankar, who represented India at the funeral of Khaleda Zia.

Expressing his condolences in the letter, PM Modi had said, "I warmly recall my meeting and discussions with Begum Sahiba in Dhaka in June 2015".

"She was a leader of rare resolve and conviction and had the distinction of being the first woman Prime Minister of Bangladesh. She made many important contributions to the development of Bangladesh, as well as to the strengthening of India-Bangladesh relations," he wrote.

"While her passing leaves an irreplaceable void, her vision and legacy will endure," PM Modi added. "I am confident that her ideals will be carried forward under your able leadership of the Bangladesh Nationalist Party and will continue to serve as a guiding light to ensure a new beginning and the enrichment of the deep and historic partnership between India and Bangladesh," he wrote.

Zia, the three-time Prime Minister of Bangladesh who headed the BNP, died on Tuesday after a long illness. Her funaral today was attended by thousands, including dignitaries from various nations. She was laid to rest with full State honours this afternoon beside her husband, the country's former President Ziaur Rahman, at Sher-e-Bangla Nagar in Dhaka.

Rahman, a front-runner for the prime minister post in the election due on February 12, is Khaleda Zia's eldest son.

During his meeting with Rahman, Jaishankar acknowledged Zia's contribution to democracy. He also expressed optimism about closer India-Bangladesh ties -- which have been frayed since the government led by Mohammad Yunus came to power -- after the elections due in February. Dhaka's growing closeness with Pakistan and its all-weather ally China lately has been a situation that is being closely watched by India.



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