New Delhi, Feb. 19 -- LG Electronics share price gained another 1% in Thursday's session on February 19 to reach an eight-week high of Rs.1,576 apiece, extending its winning run to the fifth session

The stock remained in focus after a series of bullish calls from top brokerage firms, which highlighted the company's strong positioning to outpace its peers in the near to medium term, which took attention away from the company's weak set of numbers for the December-ended quarter.

Domestic brokerage firm Axis Securities today initiated coverage on the stock with a 'Buy' rating and set a target price of Rs.1,815 apiece, implying an upside potential of 16.3% from the stock's previous closing price.

The brokerage said the company is well-posi...