LG Electronics India Shares Drop 2% as Weak Q3 Outlook Looms

LG Electronics India shares fell 2% as ICICI Securities downgraded its outlook, citing weak Q3 performance expectations, though long-term growth remains a focus.

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LG Electronics India Shares Drop 2% as Weak Q3 Outlook Looms

LG Electronics India Shares Drop 2% as Weak Q3 Outlook Looms
Shares of LG Electronics India closed 2% lower following a downgrade by brokerage firm ICICI Securities. The brokerage cited weak performance expectations for the upcoming Q3 results, driven by slow demand in key segments. Despite this, LG remains optimistic about long-term growth, particularly in its home appliances and air conditioning businesses. The company plans to counteract short-term challenges with strategic investments.
Companies:
  • LG Electronics India