Laxmi Dental shares surging 13% after ICICI Prudential MF bought nearly 3% stake
Laxmi Dental shares surged over 13% after ICICI Prudential Mutual Fund purchased nearly a 3% stake through bulk deals valued around ₹49 crore at an average price of ₹303 per share. The fund acquired a total of 16 lakh shares on the NSE and BSE, representing 2.91% ownership. This strong buying interest, combined with Abu Dhabi Investment Authority’s stake reduction, led to heightened optimism about Laxmi Dental’s future growth. The company’s recent quarterly results showed robust top-line expansion in its digital dentistry and exports segments despite margin pressures, while management guided for 20–25% revenue growth in FY26 as Laxmi Dental invests in technology and global market expansion.
ICICI Prudential Mutual Fund executed a major block deal by acquiring nearly a 3% stake in Laxmi Dental, one of India's leading dental product manufacturers,
for a total value of approximately ₹49 crore. The fund purchased 16 lakh shares—2.91% of Laxmi Dental's equity—at an average price of ₹303 per share through
bulk transactions on both the National Stock Exchange and Bombay Stock Exchange. This substantial investment by a top institutional investor prompted Laxmi
Dental shares to surge over 13%, reflecting renewed market optimism about the company’s growth outlook.
The block deal also coincided with Abu Dhabi Investment Authority (ADIA) selling a 2% stake in Laxmi Dental, which was efficiently absorbed by the market
due to the strong demand from ICICI Prudential MF. Analysts observed that such high-profile stake purchases often signify institutional confidence in the
company's fundamentals and future strategy.
Laxmi Dental recently reported promising financial and operational results, showcasing robust revenue growth in digital dentistry solutions and exports, even
as margin pressures persisted. Management remains optimistic, guiding for 20–25% top-line growth in FY26, attributed to investments in advanced technology,
product innovation, and expanding its global presence. The company is targeting further market share increases in both domestic and international dental care
segments by introducing next-generation products and leveraging its distribution network.
Overall, this block deal spotlights growing institutional interest in the healthcare and medical devices sector, with Laxmi Dental well-positioned to capitalize
on the accelerating digitization trends in dentistry and increased adoption of its products among professionals and clinics worldwide. The transaction is expected
to boost liquidity, strengthen governance, and underpin Laxmi Dental’s vision to drive India’s dental technology leadership on the global stage.
ICICI Prudential Mutual Fund executed a major block deal by acquiring nearly a 3% stake in Laxmi Dental, one of India's leading dental product manufacturers,
for a total value of approximately ₹49 crore. The fund purchased 16 lakh shares—2.91% of Laxmi Dental's equity—at an average price of ₹303 per share through
bulk transactions on both the National Stock Exchange and Bombay Stock Exchange. This substantial investment by a top institutional investor prompted Laxmi
Dental shares to surge over 13%, reflecting renewed market optimism about the company’s growth outlook.
The block deal also coincided with Abu Dhabi Investment Authority (ADIA) selling a 2% stake in Laxmi Dental, which was efficiently absorbed by the market
due to the strong demand from ICICI Prudential MF. Analysts observed that such high-profile stake purchases often signify institutional confidence in the
company's fundamentals and future strategy.
Laxmi Dental recently reported promising financial and operational results, showcasing robust revenue growth in digital dentistry solutions and exports, even
as margin pressures persisted. Management remains optimistic, guiding for 20–25% top-line growth in FY26, attributed to investments in advanced technology,
product innovation, and expanding its global presence. The company is targeting further market share increases in both domestic and international dental care
segments by introducing next-generation products and leveraging its distribution network.
Overall, this block deal spotlights growing institutional interest in the healthcare and medical devices sector, with Laxmi Dental well-positioned to capitalize
on the accelerating digitization trends in dentistry and increased adoption of its products among professionals and clinics worldwide. The transaction is expected
to boost liquidity, strengthen governance, and underpin Laxmi Dental’s vision to drive India’s dental technology leadership on the global stage.