Deccan Gold Mines Share Price Slide Nearly 10% After Rights Issue Announcement

Deccan Gold Mines share price dropped nearly 10% on December 30, 2025, as heavy selling emerged after the company’s recent rights issue. The stock slipped as much as 9.9% to around ₹95 on the BSE during intraday trade.

Nearing 52-Week Low

The stock is moving closer to its 52-week low of ₹81.21, which was hit in March 2025. In comparison, it had touched a 52-week high of ₹162.32 in June. The sharp correction highlights sustained weakness in the counter.

So far in 2025, the stock is down over 12%, while the BSE Sensex has gained more than 7% in the same period.

Rights Issue and Capital Expansion

The company recently approved the allotment of 39.3 million equity shares at ₹80 per share, including a premium of ₹79. After the rights issue, Deccan Gold Mines’ paid-up equity capital increased to ₹19.70 crore from ₹15.76 crore. The new shares rank equally with existing ones.

Also Read: Gold Shines in 2025: Prices Jump 60–70%!

Overseas Expansion Plans

In another update, Deccan Gold Mines said it plans to invest in a tungsten project in Spain. The Logrosan project is at an early exploration stage but could turn mineral discoveries into resources within one to two years. Tungsten is a key mineral used in defence, aerospace, and electronics.

Conclusion

The sharp fall in Deccan Gold Mines’ share price reflects investor caution following equity dilution from the rights issue and continued weakness in the stock. While the company’s overseas tungsten project in Spain could offer long-term strategic value, near-term sentiment remains subdued, keeping the counter under pressure.

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