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LG & DP Jewelers Shares Surge: Fundraising & Business Expansion News Fuel Rally
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CNBC Awaaz•05-10-2026, 12:00
LG & DP Jewelers Shares Surge: Fundraising & Business Expansion News Fuel Rally
- •DP Jewelers is considering fundraising, including issuing equity shares or warrants; the company also opened a new showroom in Dahod, Gujarat.
- •LG Electronics India expects good growth in TV, washing machine, and AC businesses; the company increased AC prices by 5-6% to manage rising costs.
- •Motilal Oswal has a target of Rs 2,080 and a buy rating for LG Electronics, while Jefferies' base target is Rs 1,895.
- •Five Paisa Capital showed strong buying and a positive technical trend, with the stock trading above its average prices.
- •SMC Global Securities' NCD public issue opens on October 5, with a base size of Rs 75 crore and an option to raise an additional Rs 75 crore.
Key Questions Answered
The board meeting is being held to consider a proposal for raising funds by issuing equity shares or warrants, which may include options like a preferential issue.
The price hike was implemented to manage the pressure of rising manufacturing costs.
The base size of the NCD issue is Rs 75 crore, with an option to raise an additional Rs 75 crore, bringing the total potential amount up to Rs 150 crore.
