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The Relative Strength Index of the stock stood at 48.59 on Monday.

Promoters held 51.52 per cent stake in the company as of 31-Dec-2024, while FII and DII ownership stood at 15.93 per cent and 10.0 per cent, respectively.

Laxmi Dental shares debuted at Rs 542 on the NSE, rising 7.7% to Rs 584, with a market cap of Rs 3,119.10 crore. On the BSE, the stock opened at Rs 528, a 23.4% premium, valuing the firm at Rs 3,126 crore. The strong listing aligned with market expectations, supported by a Rs 145 grey market premium, 33.9% above the issue price.

The stock quoted a 52-week high price of Rs 719.80 and low of Rs 486.75.

A total of 1,092 shares changed hands on the counter till 01:48PM (IST)

NBFCs are expected to face pressure on margins due to liquidity issues and high funding costs in Q3 of 2024. Microfinance companies and those with high unsecured loans may see payment delays. Analysts predict slowed credit growth, elevated credit costs, and deteriorating asset quality, exacerbated by subdued vehicle financing and regulatory scrutiny.

Domestic and foreign lenders are vying to offer ₹2,400-crore debt to Digital Edge DC for its Navi Mumbai data center project. The financing includes both debt and equity, and lenders like SBI, Axis Bank, Yes Bank, DBS, and MUFG are involved. The Navi Mumbai project, spanning 47 acres, is part of a significant data center expansion in Asia.

Stock splits are intended to reduce the price of shares, making them more accessible to retail investors. However, several Indian small-cap companies have misused this mechanism, using it as a significant milestone to artificially inflate their stock prices.