Motilal Oswal projected a 75% bull case upside for this stock last week; lock-in ends but shares jump
Published on 21/07/2025 10:15 AM
Motilal Oswal projected a 75% bull case upside for this stock last week; lock-in ends but shares jumpAbu Dhabi Investment Authority (3.18%) and Goldman Sachs (3.5%) are some of the prominent foreign institutions that have stake in Laxmi Dental, at the end of the March quarter. The company is yet to disclose shareholding for the June quarter.By Hormaz Fatakia July 21, 2025, 10:15:49 AM IST (Updated)2 Min ReadShares of Laxmi Dental Ltd. gained as much as 4% on Monday, July 21, despite its shareholder lock-in period comes to an end today.
According to Nuvama Alternative & Quantitative Research, as many as 2.06 crore shares of the company, or 37% of its outstanding equity became eligible to be traded as its six-month shareholder lock-in period ended today.
It needs to be specified that end of the shareholder lock-in does not mean all these shares will be sold in the open market. They only become eligible to be traded.
At the end of the March quarter, promoters of Laxmi Dental had a 41.7% stake in the company, while the rest belonged to public shareholders.
Among the public shareholders, India's Mutual Funds had a 11.89% stake in the company, led by HSBC MF, HDFC MF and Invesco MF.
Abu Dhabi Investment Authority (3.18%) and Goldman Sachs (3.5%) are some of the prominent foreign institutions that have stake in Laxmi Dental, at the end of the March quarter. The company is yet to disclose shareholding for the June quarter.
Close to 30,000 retail shareholders, or those with an authorised share capital of up to ₹2 lakh, have a 4.5% stake in the company.
Last week, brokerage firm Motilal Oswal had initiated coverage on Laxmi Dental with a "buy" recommendation and projected a potential upside of 26% on the stock. However, it also projected a bull case price target of ₹750 per share, which implied a potential upside of 75% from those levels.
Post this report, Laxmi Dental's shares went up 12% last week, thereby managing to trade above their IPO price of ₹428 per share.
Shares of Laxmi Dental are trading 3.4% higher on Monday at ₹499. The stock is still trading 14% below its post-listing high of ₹584.Continue ReadingFirst Published: Jul 21, 2025 6:22 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsLaxmi Dentalshare market todayShareholder Lock-In