{"id":121660,"date":"2024-04-02T14:19:01","date_gmt":"2024-04-02T08:49:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121660"},"modified":"2024-04-02T14:21:49","modified_gmt":"2024-04-02T08:51:49","slug":"sugar-stock-jumps-5-4-after-companys-board-to-consider-stock-split","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/sugar-stock-jumps-5-4-after-companys-board-to-consider-stock-split\/","title":{"rendered":"Sugar stock jumps 5.4% after company\u2019s board to consider stock split\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1327528310\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Tuesday, the sugar manufacturing company saw its shares rise by 5.4 percent, reaching an intraday high price of \u20b984.10 per share. This surge came as the company&#8217;s board announced plans to discuss a stock split during the April 19th board meeting.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1338533565\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/DAVANGERE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Davangere Sugar Company Ltd<\/a><\/strong> is a micro-cap stock with a market capitalization of \u20b9776 crore. At 1:30 p.m, company shares were trading at \u20b982.55 per share, up 3.45 percent from the previous close price on the stock exchange.\u00a0<\/p><p>The company\u2019s board of directors to consider and approve the proposal to Sub-Division or split the equity shares at the upcoming board meeting, which is scheduled for Friday, April 19, 2024. As per the company\u2019s filing.&nbsp;<\/p><p>Shares of Davangere Sugar Company Ltd have experienced a 24% decrease in value over the past month and a 50% decrease over the past year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3303104158\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Davangere Sugar manufactures sugar from sugarcane and generates electricity through co-generation. The company has a manufacturing operation in Karnataka with a sugar-crushing capacity of 4750 TCD.&nbsp;<\/p><p>Recently, the company&#8217;s board of directors approved an expansion of ethanol production capacity from 65 KLPD (Kilo Litre Per Day) to 110 KLPD. For an investment of \u20b954 crore. Currently, the company&#8217;s capacity utilization stands at an impressive 99.96%.&nbsp;<\/p><p>In a recent quarter, the company board approved the commissioning of the CO2 Plant. To convert the waste molasses fermentation into liquefied Carbon dioxide and dry ice for an investment of \u20b9 3 crores.&nbsp;<\/p><p>As of the recent shareholding pattern, the company promoter holds a 74.36 percent stake in the company and retail investors hold a 25.65 percent stake in the company.<\/p><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3946165436\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2369570696\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Tuesday, the sugar manufacturing company saw its shares rise by 5.4 percent, reaching an intraday high price of \u20b984.10 per share. This surge came as the company&#8217;s board announced plans to discuss a stock split during the April 19th board meeting.&nbsp; Davangere Sugar Company Ltd is a micro-cap stock with a market capitalization of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":16080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10410,10409,17544,948,936],"class_list":["post-121660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-davangere-sugar-company-latest-news","tag-davangere-sugar-company-share-price","tag-davangere-sugar-company-stock-split","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sugar stock jumps 5.4% after company\u2019s board to consider stock split\u00a0 - 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