Deccan Gold Mines Share Price Drops Nearly 10% After Rights Issue Amid Market Volatility
3 hours agoBusiness
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Deccan Gold Mines Share Price Drops Nearly 10% After Rights Issue Amid Market Volatility

Deccan Gold Mines' share price experienced a significant drop of nearly 10% during Tuesday's trading session, following its rights issue. The stock fell to 95 on the BSE, approaching its 52-week low. This decline is attributed to increased selling pressure, a bearish sentiment potentially triggered by falling below its 200-day moving average, and recent volatility in international non-ferrous metal prices. The company recently approved the allotment of over 39 million equity shares at an issue price of 80 per share.

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Sentiment
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