New Delhi, Sept. 22 -- Despite key benchmark indices of the Indian stock market trading red, some stocks are showing resilience against the sell-off pressure on Dalal Street. Davangere Sugar Company Ltd.'s shares are among them. The sugar stock today opened with an upside gap at Rs.2.15 apiece and touched an intraday high of Rs.2.29, logging over 7% gain during Tuesday's dealings.

Market experts believe Davangere Sugar Company Ltd is a sugar company, and crude oil prices have bounced back today after a few days of easing. They said that the rebound in crude oil prices has fueled the buzz around ethanol blending, which is the primary upside trigger. They said that the company's expansion potential is another reason bulls are showing faith...