DAM Capital Shifts Strategy to Reduce I-Banking Volatility

DAM Capital, an investment bank in India, is changing its strategy to make its business more stable.

Right now, its earnings come mostly from big deals, which can be unpredictable.

The company wants to add new services like wealth management and retail broking that earn fees instead of relying on big, risky deals.

The CEO, Dharmesh Mehta, says they will only add these new services when they find the right team or platform at a good price.

The company has a lot of cash saved, which it can use for these new ventures.

Even though the stock price has dropped since it started trading, the company is doing well and made a lot of money in the first half of the year.

Mehta believes India's capital markets are growing and will need more investment in the future.