HDFC Securities, a prominent financial services firm, has issued a buy recommendation for Galaxy Surfactants, setting a target price of Rs 3491. Currently, Galaxy Surfactants Ltd. is trading at a market price of Rs 2657.9.
Galaxy Surfactants Ltd., established in the year 1986, is a Mid Cap company with a market capitalization of Rs 9,424.23 Crore, operating within the Chemicals sector.
The key Products/Revenue Segments for Galaxy Surfactants Ltd. primarily comprise Other Operating Revenue and Scrap for the fiscal year ending on March 31, 2023.
For the quarter ending on June 30, 2023, the company reported a Consolidated Total Income of Rs 944.26 Crore, reflecting a decrease of -3.79% when compared to the Total Income of Rs 981.50 Crore in the preceding quarter. It’s important to note that this figure also represents a decline of -18.38% compared to the Total Income of Rs 1156.88 Crore reported in the same quarter of the previous year. During this quarter, the company achieved a net profit after tax amounting to Rs 75.18 Crore.
As of September 30, 2023, the promoters retained a 70.92% stake in the company, while FIIs (Foreign Institutional Investors) held 3.08%, and DIIs (Domestic Institutional Investors) held 12.56% of the company.
HDFC Securities’ buy recommendation for Galaxy Surfactants suggests a positive outlook on the stock, indicating potential for growth and providing investors with an opportunity to consider.
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