New Delhi, March 26 -- Shares of Laxmi Dental, the latest debutant on Dalal Street, jumped 5% in intraday trade on Wednesday, March 26, touching Rs.435.25 apiece after domestic brokerage firm Nuvama Institutional Equities initiated coverage on the stock with a 'buy' rating and set a target price of Rs.570 apiece, indicating a 38% upside from the stock's previous closing price.

The brokerage believes Laxmi is well-positioned to capture a significant share due to its diverse portfolio, scale, and industry tailwinds, including a rising preference for aesthetics, digitalization, and increasing incomes.

Laxmi Dental is India's only fully integrated dental products firm, offering customized crowns, bridges, aligner solutions, and pediatric pr...