Deccan Gold Mines is currently trading at Rs. 36.25, up by 0.40 points or 1.12% from its previous closing of Rs. 35.85 on the BSE.
The scrip opened at Rs. 37.10 and has touched a high and low of Rs. 37.45 and Rs. 36.05 respectively. So far 61,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 41.25 on 11-Nov-2014 and a 52 week low of Rs. 16.15 on 26-Mar-2014.
Last one week high and low of the scrip stood at Rs. 37.45 and Rs. 32.50 respectively. The current market cap of the company is Rs. 214.00 crore.
The promoters holding in the company stood at 42.13% while Institutions and Non-Institutions held 3.05% and 54.82% respectively.
Deccan Gold Mines has received an approval for raising of funds of up to $6 million through a Rights Issue. The board of directors at their meeting held on November 19, 2014 has approved for the same. The ratio and pricing of the Rights Issue would be decided by the Board at an appropriate time.
Deccan Gold Mines has been actively engaged in the exploration for gold in some of the most promising gold mineralized blocks in India. It has been successful in identifying several smaller potential gold-bearing zones within these blocks, worthy of detailed investigation.
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