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HomeINVESTMENTAfter This News This ₹108 Gold Searching Company Share Jumped 13%; Know...

After This News This ₹108 Gold Searching Company Share Jumped 13%; Know Target

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Deccan Gold Mines, which was searching for gold in Tanzania, has found the treasure. 

The company has informed us that its subsidiary Deccan Gold Tanzania Private Limited has received high-grade gold samples, high-grade gold means a high amount of gold in every tonne.

The grade of gold decides whether the mining deal at a place will be profitable or loss-making. 

The company provided these details to the market a couple of minutes before the close day of trade.

With the news, the stock which was trading in the red increased by 13 percent within a few minutes during trading.

What Information Has The Company Given?

In the information sent to the stock market, the company said that a high-grade gold sample had been found in the prospective licence, i.e. PL Block 11524 in Nazega-Tabora Greenstone Belt in which a maximum of 8.52 grams of gold per ton is possible.

Apart from this, the company has informed us that a prospective license for lithium and its related metals has been recommended in favor of Deccan Gold Tanzania, and the grant order is awaited.

The size of the block for which this PL was given is more than 100 square kilometers.

PL licenses are given to mining companies to explore the possible presence of metal in a block. 

After initial investigation information received through PL, companies decide where operations can be started with full force.

The company informed us that its team had started exploration in 5 PL blocks. Out of these, possibilities were seen in 2 blocks in which further exploration was done.

The company had also demanded 3 prospecting licenses in Tanzania. These licenses were for the exploration of gold, lithium, and graphite. 

Out of this, PL has been recommended for Lithium. The gold block for which PL has been demanded is one of those blocks where the company has obtained high-grade gold.

Stock Prices Surge

The impact of the news was visible on the stock. Amidst the sharp fall in the stock market, the stock of Deccan Gold Mine has opened with a gain of more than 9 percent at price of Rs 113.60.

However, with the arrival of the news, there was strong buying in the stock.

About Deccan Gold Mines Ltd

Deccan Gold Mines Limited is an Indian gold exploration company. 

The company is involved with gold exploration across the States including Karnataka as well as Andhra Pradesh,

where the activities have resulted in the defining of several gold prospection areas in the two states. 

The projects of the Company comprise Jonnagiri Gold, Bhalukona-Jamnidih, Hutti-Maski Belt, Dharwar-Shimoga Belt, 

and many more. Jonnagiri Gold is the Jonnagiri Gold Project is located within the Kurnool district of Andhra Pradesh, India.

 It is a company that has explored several areas that span about 6,574 square kilometers (km). The regions are the Dharwar Shimoga Belt, Hutti-Maski Belt, Mangalur Schist Belt, and Ramagiri Schist Belt. 

The Dharwar-Shimoga Belt forms an Archaean part of the Western Dharwar Craton located in Karnataka, the State of Karnataka.

The subsidiary of the Company, Deccan Exploration Services Private Limited has explored the area covering 5000 square kilometers within the Dharwar-Shimoga Greenstone belt, 

which is covered by two RP blocks, and discovered 22 gold prospectors.

Fundamental Analysis of Deccan Gold Mines Ltd

Market Cap₹ 1,521 Cr.
Current Price₹ 108.75
52-wk High₹ 159
52-wk Low₹42.1
Stock P/E
Book Value₹ 18.7
Dividend0.00 %
ROCE-2.37 %
ROE-2.85 %
Face Value₹ 1.00
P/B Value5.53
OPM-2,206 %
EPS₹ -1.08
Debt₹ 93.8 Cr.
Debt to Equity0.34

Deccan Gold Mines Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
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Deccan Gold Mines Ltd Shareholding Pattern

Promoters Holding
Dec 202225.89%
Mar 202330.54%
June 202330.54%
Sept 202326.31%
Dec  202325.93%
FII Holding
Dec 20224.35%
Mar 20233.12%
June 20233.12%
Sept 20232.16%
Dec  20231.88%
Public Holding
Dec 202269.75%
Mar 202366.33%
June 202366.34%
Sept 202371.53%
Dec  202372.17%
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Deccan Gold Mines Ltd  Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹-0 Cr
2020₹-0 Cr
2021₹-0 Cr
2022₹0 Cr
2023₹0 Cr

Last 5 Years’ Net Profit:

2019₹-3 Cr
2020₹-3 Cr
2021₹-3 Cr
2022₹-3 Cr
2023₹-16 Cr

Last 5 Years’ Debt-To-Equity Ratio:

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Last 10 Years’ Profit Growth:

10 Years:
5 Years:1%
3 Years:-2%
Current Year:576%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:-5%
3 Years:-5%
Last Year:-3%

Sales Growth Over 10 Years:

10 Years:
5 Years:
3 Years:
Current Year:62%


This article is a complete guide about Deccan Gold Mines Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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