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.
Brokerages issue bullish calls on Indian consumer and retail-linked names: Citi initiates Buy on LG Electronics India, UBS on Lenskart, Jefferies/Macquarie on GMR Airports, Macquarie on Phoenix Mills; mixed views on Swiggy, Meesho, Nestle India and QSR chains.
Why this matters
Citi's Buy on LG India follows LG's Rs 5,000 cr Sri City plant announcement and AI Home ecosystem push, validating its premiumization and 2030 doubling plan with sell-side conviction.
Retail-brand signals steady at 1,453 over the last 90 days.