Superstar Stock of 2021 With Anil Singhvi: Galaxy Surfactants is the choice of Siddharth Sedani
Sedani named Galaxy Surfactants as his Superstar stock for 2021. Surfactant is a chemical which is required by FMCG Companies in their personal care and home care segment. Soaps, detergents, shampoos and many other products need surfactant to be used in the manufacturing process. This chemical is being used in over 200 products and being supplied in over 75 countries.
Superstar Stock of 2021: With the new year looming, stock market participants are eagerly looking forward to any news about top stocks that may emerge in 2021 so as to be able to take early advantage and profit from it. Stepping into this space is Zee Business Managing Editor Anil Singhvi. In his Superstar Stock of 2021, the Market Guru reveals names of certain stocks. Also, today Singhvi said that for new positions on Nifty, traders should buy in 13325-13400 range with stop loss of 13300 and target of 13450, 13475, 13500, 13575, 13600; one should sell Nifty in 13550-13600 range with stop loss of 13650 and target of 13500, 13475, 13425.
So, if you want to know how to prepare a super-strong portfolio before the New Year, then Anil Singhvi invited analyst Siddharth Sedani to reveal his Superstar share for 2021.
Sedani named Galaxy Surfactants as his Superstar stock for 2021. Surfactant is a chemical which is required by FMCG Companies in their personal care and home care segment. Soaps, detergents, shampoos and many other products need surfactant to be used in the manufacturing process. This chemical is being used in over 200 products and being supplied in over 75 countries.
3 key triggers for Galaxy Surfactants stock are highlighted below:
1st trigger:
Q2 results of Galaxy Surfactants were extremely good. The company saw 11% revenue growth and 22% profitable growth and management believes that growth will continue to sustain in the coming months as well.
2nd trigger:
Galaxy Surfactants margins at 17% will be sustainable at these levels as they are supplying to higher end products. They have decent customers like Loreal, HUL, Dabur, P&G and many other big names.
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3rd trigger:
Galaxy Surfactants has increased the capacity by Rs 1300 cr this year and Rs 1500 cr capacity will improve in the coming year as well.
Investor should buy into Galaxy Surfactants stock with target of Rs 2500. The current market cap of the company is Rs 6800 cr.
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