Deccan Gold Mines shows strong uptrend with sharp January rally

DBT Bureau

Pune, 1 Feb 2026

Deccan Gold Mines Ltd. showed positive momentum over the past month, with the stock rising from opening levels around ₹90–95 in early January 2026 to the ₹125–130 range by February 1, 2026 (closing at approximately ₹127.65 on BSE, after a volatile session with a high of ₹137.80). This reflects sustained buying interest and improving market sentiment driven by company developments.

The rally accelerated sharply in mid-to-late January, peaking with a close of ₹146.88 on January 29, 2026, amid aggressive accumulation and strong volume (over 6.6 million shares traded that day). However, the stock faced significant profit-booking and correction pressure immediately after, dropping roughly 10% on January 30 (closing at ₹132.04) and further on February 1, amid high volatility and elevated trading volumes.

Despite the recent pullback from its late-January highs, the share price remains well above early-January levels, indicating underlying investor confidence and a still-bullish near-term structure—though near-term momentum has moderated with healthy consolidation following the sharp run-up.

Deccan Gold Mines Ltd. – Last 30 Trading Days

Disclaimer: Any views, opinions, or investment-related information expressed by contributors on Databiztimes.com are solely their own and should not be construed as investment advice. Readers are advised to consult SEBI-registered or certified financial advisors before making any investment decisions.