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Deccan Gold Mines gains as its arm incorporates new company

Deccan Gold Mines Ltd. | Mining & Minerals | Metals & Mining | BSE: 512068 | NSE: DECNGOLD

13 May 2024 Evaluate

Deccan Gold Mines is currently trading at Rs. 118.00, up by 0.50 points or 0.43% from its previous closing of Rs. 117.50 on the BSE.

The scrip opened at Rs. 118.95 and has touched a high and low of Rs. 120.95 and Rs. 115.65 respectively. So far 54406 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 158.95 on 03-Nov-2023 and a 52 week low of Rs. 43.03 on 25-May-2023.

Last one week high and low of the scrip stood at Rs. 132.50 and Rs. 115.65 respectively. The current market cap of the company is Rs. 1742.16 crore.

The promoters holding in the company stood at 25.64%, while Institutions and Non-Institutions held 1.88% and 72.48% respectively.

Deccan Gold Mines’ wholly-owned subsidiary -- Deccan Gold-FZCO and Magnifica Group of Mozambique have incorporated a new company by the name of ‘Deccan Gold Mozambique LDA’ on May 7, 2024 in which DGFZCO holds a 51% stake. Consequently, Deccan Gold Mozambique LDA will be a Step-down Subsidiary of the Company.

The objective of incorporation is to foray into the critical minerals vertical through systematic exploration, development of the multiple critical mineral (Lithium and tantalum) concessions in Mozambique and setting up of processing plants for the production of high grade concentrates from the assets being vended into Deccan Gold Mozambique LDA. Additionally, the company will also trade (sell), internationally, in high grade ores of Lithium and Tantalum.

Deccan Gold Mines (DGML) is the first private sector gold exploration company in India. The company has a large portfolio of exploration prospects in the states of Karnataka, Andhra Pradesh, Kerala and Rajasthan.

Deccan Gold Mines Share Price

119.09 -4.91 (-3.96%)

24-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Coal India	455.85
NMDC	89.22
GMDC	669.60
Sandur Manganese	209.25
MOIL	319.20
View more..

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Deccan Gold Mines gains as its arm incorporates new company

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