Citi, UBS, Jefferies stack bullish calls on LG India, Lenskart, GMR, IndiGo
Citi initiates Buy on LG Electronics India (TP Rs 1,800); UBS backs Lenskart at TP Rs 730 citing 69% gross margins and 44% EPS CAGR through FY31; Jefferies and Macquarie favor GMR Airports (TP Rs 125) and IndiGo (TP Rs 5,380); Macquarie sees Phoenix Mills expanding mall space 50% by FY30.
What happened
Brokerages issue bullish calls on Indian consumer and retail-linked names: Citi initiates Buy on LG Electronics India, UBS on Lenskart, Jefferies/Macquarie on
Key facts
- LG TP Rs 1,800
- Lenskart TP Rs 730
- Lenskart 69% gross margin
- Lenskart EPS CAGR 44% FY26-31
- GMR TP Rs 125
- IndiGo TP Rs 5,380
- Phoenix Mills TP Rs 2,100
- Phoenix 50% mall space expansion by FY30
- Meesho TP Rs 190
- Nestle India TP Rs 1,500
- CPI 3.9% YoY
Why this matters
Sell-side enthusiasm is lifting valuation floors across consumer and retail-adjacent infrastructure names, tightening windows for opportunistic M&A while strengthening currency for stock-funded deals.