Davangere Sugar's share price rose by 5% on May 15, 2026, after the Mauritius-based Craft Emerging Market Fund PCC acquired 5 crore shares through a bulk deal executed on May 14. The shares were purchased at ₹3.65 each, valuing the transaction at approximately ₹18.25 crore. This investment comes amid increasing optimism in India's ethanol and clean energy sectors, supported by government initiatives aimed at boosting ethanol blending and diversifying fuel sources. Davangere Sugar has been enhancing its ethanol operations, currently boasting an ethanol production capacity of 150 KLPD (kilo litres per day). Analysts suggest that integrated sugar and ethanol companies are well-positioned to benefit from the sector's growth. The management of Davangere Sugar expressed that this investment signifies strong institutional confidence in the company's long-term vision within India's evolving ethanol market. As the company aims to become a leader in the ethanol sector, it is focused on improving operational performance and creating sustainable value for stakeholders. The stock's recent performance indicates a 6% increase over the past week, with analysts noting a favorable technical outlook.