Home / Business and Economy / Davangere Sugar Sees Surge After Major Share Purchase
Davangere Sugar Sees Surge After Major Share Purchase
20 Dec
Summary
- Arihant Capital bought over 2 crore shares of Davangere Sugar.
- The bulk deal was valued at over ₹9.24 crore on December 19, 2025.
- Davangere Sugar stock jumped over 10% after the significant purchase.
On Friday, December 19, 2025, Arihant Capital Markets executed a significant transaction, acquiring over 2 crore equity shares of Davangere Sugar Co. Ltd. This bulk deal involved purchasing 2,16,46,910 shares at an average price of ₹4.27 each, totaling over ₹9.24 crore.
This substantial investment propelled Davangere Sugar's stock, causing it to jump more than 10% during the trading session, reaching an intraday high of ₹4.46. The company, which operates in sugar manufacturing, ethanol production, and power cogeneration, has shown recent positive movement despite a challenging one-year performance.
Despite a year-to-date decline of over 20%, Davangere Sugar's shares have delivered a 19.84% return in the past month. The company's promoters also infused funds and purchased shares, signaling a focus on long-term growth and investor confidence.
