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

Laxmi Dental

14/07/2025 09:54

** 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

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))