Davangere Sugar Shares Surge Following Mauritius-Based Foreign Institutional Investor's Bulk Stake Acquisition

Davangere Sugar Share Price Surges 5% After Mauritius-Based Investor Acquires 5 Crore Shares

On Friday, 15 May, the share price of Davangere Sugar surged 5% after the company announced that Mauritius-based institutional investor Craft Emerging Market Fund PCC had acquired 5 crore shares in the company through a bulk deal executed on 14 May 2026.

The investment was split equally between the fund's Citadel Capital Fund and Elite Capital Fund, with each purchasing 2.5 crore shares. The transaction was carried out at ₹3.65 per share, taking the total deal value to approximately ₹18.25 crore, as per the company's release. This investment comes amid rising optimism in India's ethanol and clean energy sectors, driven by government-supported ethanol blending goals, efforts to diversify fuel sources, and a growing emphasis on renewable energy.

Analysts suggest that integrated sugar and ethanol firms are well-positioned to benefit from the sector's long-term structural growth. Davangere Sugar has been consistently growing its ethanol operations and presently has an ethanol production capacity of 150 KLPD (kilo litres per day). The company indicated that the investment from Craft Emerging Market Fund represents a significant endorsement from an institution regarding the company's potential for future growth.

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The management expressed confidence in the company's long-term growth vision and its positioning within India's evolving ethanol sector. The company remains focused on strengthening operational performance, enhancing efficiencies, and building sustainable value for stakeholders.

The share price of Davangere Sugar today opened at ₹3.84 per share on the BSE, touched an intraday high of ₹4, and an intraday low of ₹3.76 per share. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, the stock prices have shown traction over the last two days and are up around 6% this week. Bhosale noted that the stock prices have shown strong weekly formation on candlestick crossovers on all major averages, with prices potentially extending upmove towards ₹4.2 and support placed around ₹3.6.