Deccan Gold Mines shares rally 20% to fresh lifetime high after this Supreme Court order

Deccan Gold Mines shares surged 20% to a lifetime high of Rs 196.50 after the Supreme Court ruled in favor of legacy mining applicants, protecting rights established before the 2015 MMDR Act amendments. The ruling clears the regulatory path for the company's Ganajur Gold Project in Karnataka, which holds an estimated 3.08 lakh ounces of gold resources, with the company's market cap reaching nearly Rs 3,889 crore.