India's Laxmi Dental gains; Motilal Oswal initiates with 'buy'

ReutersJul 14, 2025 8:54 AM

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Shares of Laxmi Dental LAXD.NS jump 5.8% to 454 rupees; their highest level in five months

Brokerage Motilal Oswal begins coverage on stock with "buy" rating, PT of 540 rupees

PT implies a ~26% upside on last close

Brokerage says co well-placed in the industry, which is currently experiencing strong tailwinds for growth

Expects co to deliver a 24% revenue CAGR and 62% PAT CAGR over FY25-27

Says co's pediatric dental unit is "primed for robust growth"

Adds, aligners segment to likely reach 33% revenue CAGR to 1.4 billion rupees by FY27 on co's lead as sole aligner firm selling customized clear aligners in India

Stock down 16% since debut on January 20

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