Laxmi dental Share price Surges Over 15% Amid Strong Buying Interest
Laxmi Dental share price experienced a strong rally today, with its stock price surging 16.34% to close at ₹434 on NSE This sharp upward movement comes after an extended downtrend since its listing, signaling renewed investor confidence and strong buying interest in the stock.
Key Highlights of the Rally in Laxmi dental Share price
- The stock jumped ₹60.95 in a single trading session, reflecting strong momentum.
- A substantial rise in trading volumes indicates fresh buying activity.
- The stock broke above short-term moving averages, hinting at a potential trend reversal.
Here is a short table summarizing Laxmi Dental’s December 2024 quarter financials:
| Particulars | Dec 2024 (₹) |
|---|---|
| Sales | 61 |
| Expense | 52 |
| Operating Profit | 8 |
| OPM % | 14 |
| Other Income | 1 |
| Interest | 2 |
| Depreciation | 4 |
| Profit Before Tax | 5 |
| Tax % | -2 |
| Net Profit | 5 |
| EPS | 1 |
What Triggered the Surge in Laxmi dental Share price?
The strong bounce-back in Laxmi Dental’s stock price could be attributed to multiple factors:
- Value Buying: After witnessing a steep correction from its highs, investors may be accumulating the stock at attractive levels.
- Positive Market Sentiment: Broader bullishness in the stock market may have contributed to the stock’s strong gains today.
- Fundamental Strength: The company operates in a high-growth dental healthcare sector, and long-term investors may be reassessing its potential.
Laxmi dental Share price Performance: 52-Week High & Low Analysis
Laxmi Dental has been on a rollercoaster ride since its listing, experiencing a significant decline from its highs before today’s recovery.
Laxmi dental Share price Performance Overview(As per March 7)
| Metric | Value |
|---|---|
| Current Price | ₹434 |
| 52-Week High | ₹584 |
| 52-Week Low | ₹313 |
| Market Cap | ₹2,350 crore (Small Cap) |
| PE Ratio | 94 |
| P/B Ratio | 48.2 |
| Return on Equity (ROE) | 58.35% |
Laxmi dental Share price Decline from 52-Week High
- Laxmi Dental stock plunged nearly 46% from its 52-week high of ₹584 to its recent low of ₹313.
- However, the stock has since rebounded over 37% from its low, indicating a possible reversal.
About Laxmi Dental
Laxmi Dental is a leading player in the dental products industry, offering a wide range of customized dental solutions.
Company Offerings:
✔ Custom-Made Crowns & Bridges
✔ Clear Aligners & Thermoforming Sheets
✔ Pediatric Dental Products
✔ Dental Laboratory & Clinical Services
The company’s strong market positioning and innovative product line make it a key player in the growing dental healthcare sector.
Laxmi dental Share IPO Recap
Laxmi Dental’s Initial Public Offering (IPO) opened for subscription from January 13 to January 15, 2025, at a price band of ₹407–₹428 per share.
Laxmi Dental Limited 700 crores IPO Review: Date, Gmp, should subscribe or not.
IPO Subscription Breakdown:
- Overall Subscription: 114.42 times
- Retail Investors: 74.41 times
- Non-Institutional Investors (NIIs): 147.51 times
- Qualified Institutional Buyers (QIBs): 110.38 times
The IPO was one of the most successful offerings, raising ₹698.06 crore, comprising:
- Fresh Issue: ₹138 crore
- Offer for Sale (OFS): ₹560.06 crore
Utilization of IPO Proceeds
- Debt Repayment
- Investment in Subsidiaries
- New Machinery & Expansion
- General Corporate Purposes
Laxmi Dental IPO Listing Performance
Laxmi Dental made a strong debut on January 20, 2025, listing at a significant premium to its issue price.
| Exchange | Listing Price | Premium Over Issue Price |
|---|---|---|
| NSE | ₹542 | +26.64% |
| BSE | ₹528 | +23.36% |
Despite an impressive listing, the stock later witnessed a sharp correction, falling nearly 46% from its highs before today’s rebound.
Disclaimer: This content is intended solely for educational and informational purposes and should not be interpreted as financial or investment advice. The information presented is derived from publicly available sources and independent analysis; however, its accuracy or completeness is not guaranteed. Readers are encouraged to conduct their own due diligence and seek guidance from a professional financial advisor before making any investment decisions. Neither the author nor stoxmail.com assumes responsibility for any financial losses or investment actions taken based on this article.