India's Galaxy Surfactants jumps on deal for EPC services overseas

Galaxy Surfactants

06/03/2025 05:12

** India's Galaxy Surfactants GALX.NS jumps 7% to three-week high of 2,397 rupees per share

** GALX on course for biggest single day percentage gains in since September 16

** Chemicals maker enters strategic collaboration with one of its global customers for engineering, procurement and construction (EPC) services

** Collaboration comprises of commissioning performance surfactants and specialty ingredients plant at an overseas location

** Co says discussions underway to enhance the collaboration post commissioning of plant

** Analysts average rating on stock "buy"; median PT 2,933 rupees, as per LSEG data

** Stock down 5% so far in 2025 amid broad-based weakness in the market

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))