The decline in chemical stocks followed the announcement of new tariffs by US President Donald Trump, who imposed a 27 per cent tariff on all imports from India
ICICI Prudential Mutual Fund, on April 1, 2025, purchased 2,97,500 shares at ₹2,092 per share, according to NSE Bulk deal data
Galaxy Surfactants share rose after the company announced that through its group companies it has entered into a deal with one of its global customers for providing EPC services
Speciality chemicals maker Galaxy Surfactants on Thursday reported a 48.9 per cent decline in consolidated profit after tax (PAT) to Rs 42 crore for the September 2021 quarter. The company's consolidated PAT for the corresponding period of previous fiscal stood at Rs 82 crore, Galaxy Surfactants said in a statement. Its total revenue during July-September 2021 grew 22 per cent to Rs 882 crore, compared with Rs 723 crore in the year-ago period. "This has been a challenging quarter for us. While the demand scenario remains intact and robust, our ability to service the same got seriously impinged in this quarter. "While quarter-on-quarter, the volumes have de-grown marginally by 2 per cent, y-o-y, we have registered a decline of seven per cent," Galaxy Surfactants Managing Director U Shekhar said. The second quarter began with availability issues with respect to Lauryl Alcohol (sourced from SE Asia which was majorly shut due to the pandemic) and Ethylene Oxide, the two key feedstocks
Oscillators like RSI and MFI have broken out from the downward slopping trendline, indicating strength in Nifty's current rally
Given the essential nature of production, some plants are exempted from the lockdown
The stock dipped 2% to Rs 1,400, extending its past three days 5% on the BSE