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Jefferies backs Kalyan, LG India as growth and capacity bets

Jefferies initiated Buy coverage on Kalyan Jewellers with a Rs 830 target, citing jewellery formalisation and showroom expansion. It also retained Buy on LG Electronics India, highlighting premiumisation, category leadership, price hikes and new Sri City manufacturing capacity.

Newer report , , Financial Express : Kalyan Jewellers sets September 12 dividend record date

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Reported figures

From the report. Source details below

Kalyan Jewellers: Buy, Rs 830 target, 39% upside
Kalyan: over 500 showrooms; about 7% organised jewellery-market share
Kalyan revenue CAGR: 23% in FY2026-FY2029
LG Electronics India: Buy, Rs 1,810 target, 15% upside
LG market shares in FY2026: refrigerators 28.8%, washing machines 31.5%, inverter ACs 18.7%, TVs 26.1%
Maruti Suzuki: Buy, Rs 16,500 target, 16% upside

The source

Source Read the source at Financial Express

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