Buy Galaxy Surfactants, target price Rs 3360: Axis Securities

Axis Securities has buy call on Galaxy Surfactants with a target price of Rs 3360. The current market price of Galaxy Surfactants is Rs 3030.1. Time period given by analyst is 4 weeks when Galaxy Surfactants Ltd. price can reach defined target.

Galaxy Surfactants Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 10752.01 Crore) operating in Chemicals sector.

Galaxy Surfactants Ltd. key Products/Revenue Segments include Other Operating Revenue and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1054.13 Crore, up 13.24 % from last quarter Total Income of Rs 930.85 Crore and up 34.10 % from last year same quarter Total Income of Rs 786.10 Crore. Company reported net profit after tax of Rs 98.40 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 70.93 per cent stake in the company as of 31-Mar-2022, while FIIs owned 1.89 per cent, DIIs 13.78 per cent.