Motilal Oswal Initiates Coverage on Laxmi Dental, Sets Rs 540 Target; Stock Surges 10%
Motilal Oswal has started coverage on Laxmi Dental with an optimistic target price of Rs 540 per share. Following this initiation, the stock experienced a significant jump, climbing approximately 10% in trading. This bullish stance by Motilal Oswal reflects their positive outlook on Laxmi Dental’s market potential and future prospects.
The firm highlighted key growth drivers and sector-specific factors that support its valuation. Investors have responded favorably, pushing the stock price upwards amid ongoing market volatility. The move comes as investors continue to weigh global economic cues alongside developments within the healthcare and dental sectors.
Laxmi Dental’s recent performance and strategic positioning appear to align well with the expectations set by Motilal Oswal, indicating promising opportunities ahead. Market participants will be closely watching upcoming quarterly results and sector advancements, which could provide further momentum to the stock.