GENERAL1 Oct 2026
Galaxy Surfactants shares rise 6% | What’s boosting the outlook? Nuvama raises target price, retains ‘Buy’ | Stock Market News
Galaxy Surfactants shares rose over 6% on Thursday after Nuvama kept its 'Buy' rating and raised the target price to ₹3,265. The brokerage expects better profits, a shift to palm-based oleochemical surfactants, and recovery in AMET — Africa, Middle East and Turkey — volumes. If you hold the stock, treat this as one broker's view, not a guarantee.
Key Statutory Highlights
- Nuvama retained its 'Buy' rating on Galaxy Surfactants and raised its target price to ₹3,265 from ₹2,927.
- Nuvama raised its FY27 and FY28 earnings-per-share estimates by 13.4% and 11.5% respectively.
- Galaxy's Africa, Middle East and Turkey volumes, which peaked at about 90,000 tonnes in FY21, are currently at roughly 60,000 tonnes.
Actionable Advice for Taxpayers / Founders:If you hold or plan to buy this stock, read the full Nuvama note and check whether its assumptions on crude prices and AMET volumes fit your own risk and time horizon before acting.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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