Sugar Stock Sweetens Post 1:10 Split: Small Cap Rallies 507% In 2-Yrs, Sub-Division Approved

Small cap company from the sugar sector, Davangere Sugar Company Ltd shares surged 5.37% as on April 19, 2024 after the Board of Directors gave their nod to split/sub-division of equity shares in the proportion of 1:10. Last trading price of Davangere Sugar Company share on BSE is Rs 87.78 apiece.

Davangere Sugar Company has a market capitalisation of Rs 825.87 crore and PE is 64.07. In last 2-years, Davangere Sugar Company shares zoomed 507%. More details below:

Davangere Sugar Company Approves Split/Sub-Division: As per the BSE filing of the company dated April 19, "The Board of Die€Ion of the Company at its boad meeting held today has accorded its approval to sub-divide/split the Equity Shares ofthe Company such that I (One) Equity Share having nomineyface value ofRs. l0/- (Rupees Ten only) each be sub-divided into l0 (Ten) Equity Shares having nominayfac€ value of Rs. 1/- (Rupees One Only) each subject to approval of the shareholders of the Compaly or any other regulatory authority, if any. Approved consequential alteration oftie Capital Clause i.e., Clause V of the Memorardurn of Association ofthe Company, subject to the approval ofthe shareholders ofthe Company."

Davangere Sugar Company Share Performance & Return: The 52-week high price of Davangere Sugar Company share on BSE is Rs 120.00 per share (as on 01/09/2023) and 52-week low price is Rs 49.16 apiece (as on 11/05/2023), respectively. Davangere Sugar Company shares offered return of over 3% in last 1-week, surged 18% in last 1-month, declined 10% in last 6-months, and soared 27% in last 1-year. In last 3-years, Davangere Sugar Company stock soared 538%.

Davangere Sugar Company About: Davangere Sugar Company Ltd (DSCL) came into existence in 1970. It is a leading player in the sugar business boasting a present capacity of 4750 TCD (tonnes of Cane Crushed per Day) at its sugar plant. The Company's sugar unit buildings span an extensive area of approximately 283874 square feet.

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