New Delhi, May 15 -- Penny stock, Davangere Sugar share price surged 5% on Friday, 15 May, after Mauritius-based institutional investor Craft Emerging Market Fund PCC 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 Rs.3.65 per share, taking the total deal value to approximately Rs.18.25 crore, as per the company's release.

On 14 May, shares of Davangere Sugar had already surged 6.42% to finish at Rs.3.81 each, after reaching an intraday high of Rs.4.03.

This investment occurs amid rising optimism in India's ethanol and clean energy ...