Dev Accelerator Ltd plans to raise around Rs 125 crore through an IPO. The company will use Rs 68.95 crore for fit-outs and security deposits in new centers. Rs 30 crore will go towards repaying certain borrowings. Funds will also support general corporate purposes, including expansion to major cities and enhancing infrastructure and technology.
Posts in category Economic Times
5 smallcap stocks with 5-day winning streak despite market dip (05-10-2024)
ETMarkets identified five stocks from the BSE smallcap segment that saw consistent price increases during this period.
NBCC, Jupiter Wagons among 10 stocks with record dates for dividend, split this week. Do you own any? (05-10-2024)
Upcoming key corporate actions this week include dividends from Jupiter Wagons and KP Energy, bonus issues by NBCC (India) and Power Mech Projects, and stock splits for Jindal Saw, New Light Apparels, and Rajnish Retail. Record dates are set for these events, determining shareholder eligibility.
Inside Intel’s Inertia: Investment lessons from Silicon Giant’s slip (05-10-2024)
Intel’s market value has sharply declined due to missed opportunities in AI and sales losses. However, Intel is initiating a recovery strategy with new partnerships and investments, targeting foundry business expansion and AI market leadership despite competition from Nvidia and others, learning from tech industry missteps.
Learning from Experience: Aswath Damodaran on Hubris, mistakes, and the art of letting go for successful investing (05-10-2024)
In a reflection on his career, valuation expert Aswath Damodaran advises investors to avoid taking themselves too seriously, acknowledging the unpredictability of markets and the inevitability of mistakes. He highlights the importance of accepting uncertainty and making peace with factors beyond one’s control.
IPO Calendar: 2 new issues, 6 listing on investors’ radar next week (05-10-2024)
The IPO pipeline for the rest of the fiscal looks promising with some mega issues lined up. According to a report, about 26 companies proposing to raise Rs 72,000 crore are sitting on Sebi approval. Further, another 55 companies looking to raise about Rs 89,000 crore are awaiting the regulator’s nod.
Signs of recovery in IT space; HCL Technologies & TCS could give over 20% return in 1 year (05-10-2024)
The Indian tech industry is witnessing a pivotal recovery with rising demand and shifting client spending. Mid-tier firms, especially in data engineering and ERP modernization, are outperforming. Key players like HCL Tech and TCS show promising growth, bolstered by a favourable economic outlook.
Kotak Mahindra Bank among top 5 Navratri picks for up to 27% returns (05-10-2024)
Domestic brokerage firms Bajaj Broking and Choice Broking have picked certain promising stock picks to capitalize on the market’s momentum
Is the gold rally getting over? No, this is just the beginning (05-10-2024)
Gold has surged by 4% after the U.S. Federal Reserve’s rate cut and is expected to continue rising. Geopolitical tensions, further rate cuts, rising inflows into gold ETFs, and central bank purchases are key drivers. Seasonal demand in India will also support the price momentum, making it a promising period for gold investments.
Jobs-day shocker vindicates great risk rally of 2024 (05-10-2024)
The US economy’s surprising resilience challenges recession fears, as a report showed the biggest job gains in six months. This sparked market reversals and rethought interest rate bets. Small-cap companies and tech stocks led gains. Continued strong US activity data and expected rate cuts suggest a positive outlook for risk assets, despite inflation concerns.