Pre-market most active: DAVANGERE.NS Davangere Sugar NSE 24 Jan 2026 volume up
DAVANGERE.NS stock leads pre-market activity on 24 Jan 2026 after a large volume session. The share trades at INR 4.66 with 53,672,088 shares changing hands versus an average volume of 20,820,527. Open price was INR 5.20, day high INR 5.48, and day low INR 4.62. Traders should note the swing from the prior close of INR 4.67 and the stock’s year high of INR 6.29 as we track liquidity and momentum into the NSE opening.
DAVANGERE.NS stock snapshot
We see price INR 4.66, EPS INR 0.15, and PE 31.27 on the NSE as of pre-market. Market cap is INR 4,740,275,749 and shares outstanding are 1,010,719,776. The 50-day average price is INR 4.04 and the 200-day is INR 3.74. Volume today is elevated at 53,672,088, versus average 20,820,527, signalling unusually high trading interest ahead of the session. Company operations include sugar, molasses, ethanol and power co-generation, which tie earnings to commodity cycles and policy changes.
Trading activity and pre-market momentum
Pre-market volume is the main driver of most-active status. Today’s traded volume of 53,672,088 is roughly 2.58x the average, pointing to active block trades or algorithm flows. The stock opened at INR 5.20 and retreated to pre-market levels, showing intra-session volatility.
Technical momentum shows RSI 64.41 and a positive MACD histogram, which supports short-term bullish bias. Watch the day high INR 5.48 as initial resistance and the year high INR 6.29 as a secondary barrier for breakout traders.
Fundamentals and valuation
Davangere Sugar Company Limited reports book value per share INR 3.52 and price-to-book 1.33. Key ratios: current ratio 2.39, debt-to-equity 0.40, gross margin 47.72%, and net margin 6.25%. Return on equity is modest at 3.27%. Sector peers in Consumer Defensive show average PE 35.78; Davangere’s PE 31.27 is below sector average, suggesting relative valuation is not extreme.
However the company has long working capital cycles with days sales outstanding 426.30 and inventory days 542.33, which stress cash flow and raise collection risk during weak demand.
Meyka AI rates and technical view
Meyka AI rates DAVANGERE.NS with a score out of 100: 62.85 (Grade B) — Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and we are not financial advisors.
Technicals show Bollinger middle band INR 3.87, ATR INR 0.24, and CCI 131.89 (overbought). Short-term support sits near INR 3.35 and immediate resistance is INR 5.48. We set practical price targets: a near-term resistance target of INR 5.50 and a conservative downside support target of INR 3.30 based on bands and recent lows.
Risks and opportunities
Key opportunities include ethanol and co-generation margins that could improve profitability if commodity prices and government blending mandates remain supportive. The firm also exports sugar and benefits from higher global prices.
Primary risks are stretched working capital and slow receivable turnover. Inventory days of 542.33 and a cash conversion cycle of 891.78 days create liquidity vulnerability. Corporate diversification into aviation adds complexity to valuation and execution risk.
Pre-market trading strategy for most-active stocks
For traders watching the pre-market, volume confirmation is essential. Enter on confirmed follow-through above INR 5.48 with a stop near INR 4.20 for momentum setups. For mean-reversion plays, look for price stabilisation above the 50-day average INR 4.04 and use a tighter stop.
We note high intraday volatility; manage position size and be prepared for wide spreads at the open. Use limit orders and track sector moves in Consumer Defensive for confirmation.
Final Thoughts
Meyka AI’s forecast model projects a yearly price of INR 4.53 and a three-year target of INR 6.33. Compared with the current price of INR 4.66, the one-year projection implies a small downside of -2.86%, while the three-year target implies an upside of +35.75%. The stock is in heavy pre-market trade with 53,672,088 shares traded, signalling elevated interest and liquidity on the NSE. Valuation is moderate with PE 31.27 and PB 1.33, but long receivable and inventory cycles raise execution risk. As an AI-powered market analysis platform, Meyka AI highlights that short-term traders should prioritise volume confirmation and defined risk controls, while longer-term investors should watch ethanol margins and working capital improvements. Forecasts are model-based projections and not guarantees. These grades are not guaranteed and we are not financial advisors.
FAQs
What pushed DAVANGERE.NS stock into most-active pre-market trading?
Sharp pre-market volume of 53,672,088 shares, an opening print at INR 5.20, and rising technical momentum (RSI 64.41) drove its most-active status. Volume was roughly 2.58x the average, suggesting block trades or algorithm flows ahead of the NSE open.
What is the near-term price outlook and key targets for DAVANGERE.NS?
Near-term resistance is INR 5.48 with an upside target of INR 5.50. Immediate support is near INR 3.30. Meyka AI’s one-year forecast is INR 4.53 and the three-year projection is INR 6.33. Forecasts are model-based and not guarantees.
What are the main risks to consider for Davangere Sugar Company on NSE?
Primary risks are long days sales outstanding (426.30) and inventory days (542.33), which strain cash flow. Commodity price swings, ethanol policy changes, and execution in non-core aviation operations add complexity to the company’s outlook.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
