Laxmi Dental Shares Jump 13% After ICICI Prudential MF Buys Nearly 3% Stake

Mumbai, 16 September 2025: Laxmi Dental Limited (NSE: LAXMIDEN, BSE: 544002) surged over 13% in early trade on Tuesday after ICICI Prudential Mutual Fund purchased a significant amount in the market through stake-non-stake transactions, which was almost 3%.

Laxmi Dental Company has been on the exchange since January 2025 and operates in the medical device and dental supplies field. Its main business segments are clear aligners, custom labs, and pediatric dental products.

Share Price Performance

As of 12:30 pm, the company’s share was trading at ₹334, representing a gain of ₹30.60, which amounts to a 10.09% gain (it closed at ₹303.40 yesterday). The stock had reached a high of ₹348, and is now trading under ₹313. The shares have been experiencing robust volumes, with over 34.65 lakh shares traded, for a value that exceeds ₹117.01 crore.

Details of the Stake Sale

Regarding the block transaction, ICICI Prudential Mutual Fund bought 1.59 million shares, representing a 2.91% stake in the stock of the company, through the open market at an average cost of ₹303 per share, for a total value of ₹48.51 crore. On the other hand, Abu Dhabi Investment Authority (ADIA) sold 1.116 million shares totaling ₹33.82 crore, reducing its stake from 3.18 percent to 1.15 percent.

Financial Strength and Growth

The fundamentals of Laxmi Dental have been crucial in building investor trust. Over the past few years, company revenues have grown from ₹140 crores in FY22 to ₹240 crores in FY25, and EBITDA margins increased from 4 percent to 17.5 percent over the same time frame. Moreover, after reporting a loss in FY22, the company also reported a net profit of ₹262 crores in FY25.

Continued institutional interest, strong profitability, and a diversified product base position Laxmi Dental as a promising mid-cap growth story with potential for sustained long-term gains.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations