Shares of LG Balakrishnan & Bros fell by 1.5% on Wednesday, following a significant surge in buying interest the previous day. Traders mistakenly associated the company with LG Electronics India, which led to increased volatility in the otherwise stable auto-component stock.
On Tuesday, the stock saw a sharp increase in trading volume, reaching 6.56 lakh shares. This is considerably higher than its recent average daily volume of approximately 74,680 shares over the last 20 days, as recorded on the National Stock Exchange (NSE).
The stock reached a 52-week high of ₹1,600, representing a 15% increase from its previous close of ₹1,390. However, this upward trend was not sustained, and the stock ultimately settled at ₹1,367.60, reflecting a slight decrease for the session.
Based in Coimbatore, LG Balakrishnan & Bros is a well-established player in the auto components sector, specializing in the manufacturing of timing and drive chains, sprockets, tensioners, and various transmission products.
The stock closed flat at ₹1,357.50, having hit an intraday low of ₹1,346.10 compared to the previous close of ₹1,367.60.
In contrast, LG Electronics India also experienced stability in its trading, closing at ₹1,688.10 after reaching an intraday high of ₹1,728.90. The stock made its debut on October 14, 2025, listing at a 50% premium of ₹1,710.10, against an offer price of ₹1,140.
Published on October 15, 2025.
