India's Galaxy Surfactant climbs on strong long-term outlook

Galaxy Surfactants

16/06/2025 09:39

** Shares of Galaxy Surfactant GALX.NS rise 5.3% to 2,500 rupees, hitting their highest level since mid-January

** Specialty chemical company says it expects to double its sales volumes by 2030, increase EBITDA by 2.5 times

** Targets will be achieved through organic growth, new product launches and strategic partnerships - analysts at HDFC Securities said after attending a company event

** HDFC Securities expects earnings compound annual growth rate of 9% for GALX over FY25–28; says stock currently undervalued

** More than 70,000 shares traded, 3x their 30-day average

** Session's gains help stock trim YTD losses to 0.8%

(Reporting by Nishit Navin in Bengaluru)

((nishit.navin@thomsonreuters.com))