Hold Galaxy Surfactants, target price Rs 3102: ICICI Securities

ICICI Securities has hold call on Galaxy Surfactants with a target price of Rs 3102. The current market price of Galaxy Surfactants Ltd. is Rs 3029.4. Time period given by analyst is one year 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 10726.48 Crore) operating in Chemicals sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 786.10 Crore, up 15.99 % from last quarter Total Income of Rs 677.74 Crore and up 19.71 % from last year same quarter Total Income of Rs 656.66 Crore. Company reported net profit after tax of Rs 78.68 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 70.9 per cent stake in the company as of March 31, 2021, while FIIs held 3.6 per cent, DIIs 13.2 per cent and public and others 12.3 per cent.