India's Laxmi Dental gains; Motilal Oswal initiates with 'buy'
ReutersJul 14, 2025 8:54 AM
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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