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LG Electronics Shares May Rally 22%, Says Motilal Oswal - Check Target Price

According to the brokerage, LG Electronics is well placed to benefit from structural premiumisation across TVs, refrigerators, washing machines and ACs, while the expanding LG Essential portfolio provides an additional growth factor by broadening its addressable market. Over the medium term, Motilal Oswal expects Sri City capacity expansion, deeper localisation and increasing exports to further strengthen the growth and profitability profile. NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy. Motilal Oswal Report Domestic brokerage firm Motilal Oswal values LG Electronics Ltd. at 45 times Sep'28E earnings per share to arrive at a target price of Rs 2,080 and has reiterated Buy rating implying a potential upside...

Vijay Wants To Shift His Office. BJP Alleges Corruption In Tender Process

Tamil Nadu Chief Minister C Joseph Vijay's plan to shift to a new office has landed him in the middle of a raging political controversy, with the Opposition alleging irregularities in the tender process.

Vijay intends to shift the Chief Minister's Office from Fort St. George to Namakkal Kavingar Maaligai in Chennai to provide more workspace for his staff. According to reports, construction is already underway.

Recently, a Rs 5.5-crore tender was floated by the government for the shifting.

Levelling the first-ever corruption allegation against the three-month-old government, the Bharatiya Janata Party alleged that the tender had been released a month after construction commenced.

Also read: Shoutout To Gen Z, Warning For Rivals In Vijay's First Independence Day Speech

"In stark contrast to all the tall claims made by the new TVK government about bringing in transparency to the government tender process, a news article by a leading daily today has openly alleged many discrepancies in the tender process in connection with the new chief minister's office for Vijay. The article states that the tender work is worth about Rs 5.5 crores, and that there have been multiple irregularities in the tender process. It has been only 100 days since the TVK government came to power, and already the government is under the scanner," said BJP leader CR Kesavan.

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DMK MLA EV Velu also reacted to the row.

"Shifting his office is his personal choice. We can't interfere in it. Even we are happy in a way with the chief minister shifting his office, as that building was constructed by Kalaignar Karunanidhi. But an Indian newspaper report says there are irregularities in the tender, which was not floated online either. We seek clarification from the government. You speak about purity in tenders. But news reports say the tender has been invited after works began for the office," he said.

Also read: Row Over 3 'Poachers' Shot Dead In Karnataka, Vijay Says They Were Tamils

TVK Reacts

Tamil Nadu minister Aadhav Arjuna has refuted the allegations. 

"The news reports are false," he said.

"The chief minister feels that just like him, everyone else who's working with him should also have a comfortable workspace. His officers and staff are now working in a space that's not even 100 sq ft. That's why we are planning a temporary shift of his office. Our chief minister is naturally down-to-earth and flexible...During campaigns, he'll even be okay with resting in a simple hotel or a van," he added.

He further said that former chief ministers M Karunanidhi and J Jayalalithaa wanted to establish a new secretariat but could not due to political circumstances.

"We have had the same building for over 100 years. The office hasn't changed in consonance with the change in administration. Hence, we need to update it," he added.

He assured that the tender process will be transparent.

"No benami companies will be used. We will ensure no leakage to the government's treasury," he added.



from NDTV News- Special https://ift.tt/PRpKAEq

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