Davangere Sugar Shares Jump Over 6% as Ethanol Blending Theme Draws Attention

Davangere Sugar Company shares climbed more than 6% during Thursday’s session, even as the broader Indian stock market traded sideways, with the counter drawing attention amid optimism around ethanol blending and a rise in crude oil prices. 

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The stock was trading 6.74% higher at ₹1.90 on the BSE at 12:55 pm on September 10. During the session, it moved between a high of ₹1.90 and a low of ₹1.74. 

At the prevailing price, the company’s market capitalisation stood at ₹271.70 crore. 

Ethanol Blending Theme Puts Sugar Stock in Focus 

The rise in Davangere Sugar shares coincided with strength in crude oil prices. Brent crude remained above $100 per barrel on Thursday for the first time in nearly six weeks amid continuing tensions between the US and Iran in West Asia. 

Higher crude oil prices have also brought attention to ethanol blending, an area linked to the sugar industry as sugar companies can produce ethanol alongside their core sugar operations. 

The development provided the backdrop to Thursday’s buying interest in Davangere Sugar, with the stock rising more than 6% intraday. 

Stock Remains Well Below Its 52-Week High 

Despite Thursday’s sharp move, Davangere Sugar shares have been under considerable pressure over the past several months. 

The stock has declined around 39% in the past month and 47.06% over the last three months. Over six months, it has fallen 52%, while the one-year decline stands at around 51.5%. 

Davangere Sugar touched its 52-week high of ₹5.48 on January 22, 2026. On September 10, it fell as low as ₹1.74, marking its 52-week low, before recovering during the session. 

The company’s return on equity stood at 2.38%. 

Q1 Net Profit Declines to ₹94 Lakh 

The numbers from Davangere Sugar for Q1 have revealed a drop in profit as well as revenues. 

The net profit was ₹94 lakh in the June quarter of FY2026-27 as against ₹1.95 crore in the March quarter of FY2025-26. 

Similarly, the net revenue dropped to 34.72 crore in Q1 FY27 from ₹83.82 crore in the previous quarter. 

It may be mentioned here that today’s recovery is after a long period of underperformance for the stock, which rose over 6% intraday on Thursday on renewed focus on ethanol blending but still trades far below its January 2026 high of ₹5.48.