LG Balakrishnan Share Price Hits 52-Week High After Investor Mix-Up with LG Electronics IPO
LG Balakrishnan shares hit a 52-week high after investors mistook it for LG Electronics India post-IPO listing. Stock later corrected after clarification.
LG Balakrishnan shares spiked to a 52-week high after investor confusion with LG Electronics India’s blockbuster IPO listing on the BSE and NSE.
In an unusual event of mistaken identity which was not common at all, LG Balakrishnan & Bros Ltd. (LGB) share price experienced a drastic increase suddenly on Tuesday, reaching a peak of ₹1,640, which was the highest price in a year after investors mistakenly took it for LG Electronics India Ltd. that had a brilliant opening on the market the very same day.
Why Did LG Balakrishnan Shares Jump?
According to brokers cited by The Economic Times, several investors rushed to buy LG Electronics India shares following its bumper listing on the BSE and NSE, but mistakenly placed buy orders for LG Balakrishnan instead.
This buying frenzy pushed LGB’s share price up by nearly 15% during early trade, compared to Monday’s close of ₹1,367.60. However, once the confusion cleared, the stock retreated sharply and eventually closed 2% lower.
No Connection Between the Two Companies
Despite sharing the same initials, LG Balakrishnan & Bros and LG Electronics India are unrelated entities.
LG Balakrishnan, established in 1937 and headquartered in Coimbatore, manufactures automotive chains, sprockets, and tensioners for major two-wheeler and four-wheeler brands.
LG Electronics India, on the other hand, is a subsidiary of South Korea’s LG Corporation, known for its consumer electronics and home appliances.
LG Electronics India’s Blockbuster Market Debut
The LG Electronics India IPO, which was open from October 7–9, saw a 54.02x subscription driven by strong institutional demand.
- Issue price: ₹1,140 per share
- Listing price on BSE: ₹1,715, up 50.43%
- Intraday high: ₹1,736.40
- Closing price: ₹1,689.40, up 48.19%
- The IPO raised ₹11,607 crore, making it one of the largest listings of 2025.
Market Cap Comparison
While LG Electronics India debuted with a market capitalization of ₹1.14 lakh crore, LG Balakrishnan’s market cap remains around ₹4,300 crore.
Summary
The case of investor confusion, though very short, transformed LG Balakrishnan into an unexpected market mover. Traders took it for the recently listed LG Electronics India. The episode brings to the fore the fact that similarities of ticker symbols and market hype can quickly lead to wrong assumptions in stock trading.
