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Deccan Gold Mines shows strong uptrend with sharp January rally

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Deccan Gold Mines shows strong uptrend with sharp January rally
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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

DateOpen (₹)Close (₹)
Feb 01, 2026128.00125.00
Jan 30, 2026145.00132.04
Jan 29, 2026129.44146.88
Jan 28, 2026127.44128.21
Jan 27, 2026124.84126.37
Jan 23, 2026125.00122.58
Jan 22, 2026129.19122.26
Jan 21, 2026124.50126.29
Jan 20, 2026115.00119.15
Jan 19, 2026113.00114.41
Jan 16, 2026111.05112.76
Jan 14, 2026110.19109.20
Jan 13, 2026108.42109.50
Jan 12, 2026110.00108.49
Jan 09, 2026108.55106.66
Jan 08, 2026111.00108.55
Jan 07, 202698.35109.87
Jan 06, 202694.4797.99
Jan 05, 202695.9094.14
Jan 02, 202694.5094.53
Jan 01, 202690.9093.56

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.

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