India's Galaxy Surfactants gains; HDFC Institutional Research upgrades to "add"

Galaxy Surfactants

09/10/2026 09:50

** Specialty chemical company Galaxy Surfactants GALX.NS rises as much as 2.98% to 2,478.4 rupees 
** HDFC Institutional Research upgrades GALX to "add" from "reduce"
** Raises PT to 2,775 rupees from 2,601 rupees, implying an upside of 14%
** Brokerage says GALX is entering a structurally stronger phase of its multi-year growth cycle, backed by clear execution momentum
** Sees formalisation of a global-level strategic framework agreement with Unilever elevating GALX to a co-innovation partner from a long-standing vendor
** Expects GALX to benefit from rival BASF's closure of sulfation operations at Dahej, which could create a sizeable, low-capex domestic volume growth opportunity
** Projects revenue CAGR of 10% over FY2026-2029 and profit CAGR of 20% over the same period
** Average rating of 10 analysts is "buy"; median PT is 2,500 rupees - data compiled by LSEG
** GALX shares are up 20.6% in 2026 so far, according to exchange data



 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))