LG IPO Mix-Up Sends LG Balakrishnan Shares Soaring 38%, Then Crashing 42% in Wild Trading Frenzy
In a bizarre case of mistaken identity on Dalal Street, LG Balakrishnan & Bros Ltd, a Coimbatore-based auto component manufacturer, witnessed a dramatic surge and crash in its stock price on October 14, 2025, after investors confused it with LG Electronics India, which debuted on the Bombay Stock Exchange the same day. The confusion triggered…