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LG Electronics India made a strong debut on Dalal Street, listing at a 50% premium over its Rs 1,140 issue price. The IPOs success, rare among Indias Rs 10,000-crore-plus issues, is attributed to reasonable valuations, dominant market positioning, and robust earnings visibility. With a diversified portfolio across home appliances, TVs, and ACs, LG continues to outpace peers in margins and growth.
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Aniruddha Naha of PGIM India AMC sees opportunities in small and microcap companies. He points to businesses with clean balance sheets and strong cash flows in sectors like water and recycling. Chemicals also present potential wealth generation. Naha emphasizes assessing a company's technology moat to navigate competition. He advises avoiding expensive segments and companies driven by stories without numbers.
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US tariffs are a sign of American decline, eroding global trust and weakening international institutions. Instead of succumbing to this modern mercantilism, Asian nations like India and China are strengthening domestic markets, pursuing self-reliance and investing in advanced technologies, ultimately fostering their own growth.
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