Speciality chemical stock zooms 9% as leading DII buys additional shares for ₹124 crore; check details

Shares jumped in the trade after ICICI Prudential Mutual Fund, a leading domestic institutional investor (DII), bought additional shares in the company.

According to the bulk deal data available on the National Stock Exchange (NSE) and BSE, ICICI Prudential MF acquired 2.97 lakh shares each on both the bourses in Galaxy Surfactants.

The shares were purchased at an average price of ₹2,092 apiece, taking the combined transaction value to ₹124.47 crore.

The shareholding pattern for the stock on the BSE for the December 2024 quarter (Q3 FY25) shows that ICICI Prudential Mutual Fund held 3,59,947 shares or a 1.02% stake in the company.

Galaxy Surfactants Ltd. is a leading manufacturer of surfactants and speciality care products for the personal and home care industry, with a focus on innovation and sustainability. The company offers a wide range of products, including anionic, cationic, amphoteric, and mild surfactants; preservatives; foam and viscosity boosters; functional actives; pearlizers; syndets; and transparent bathing bar formulations.

The company exports to over 100 countries and caters to over 1,750 customers. Its key clients in India include companies such as Colgate-Palmolive, Dabur, Himalaya, L'Oréal, and Unilever.

Dividend update

On March 15, 2025, the company, in its exchange filing, said that the company's board approved and declared an interim dividend of ₹18 per equity share having a face value of ₹10 each for the financial year 2024-25.

The record date for the payment of this interim dividend was fixed as March 20, 2025. The interim dividend shall be paid within 30 days from the date of its declaration to the shareholders whose names appear in the Register of Members as of the record date, it said.

Galaxy Surfactants share price trend

Shares of the company have rallied over 5.7% in the past 30 days. However, the stock has slipped nearly 24% in the past six months and around 7% in the past 12 months.

The stock is a part of the BSE 500 universe.