During Thursday’s trading session, the shares of this smallcap stock specializing in managing health insurance jumped over 7 percent following a bulk deal where Aditya Birla Sun Life Mutual Fund bought 11 lakh shares at an average price of Rs 492.9 apiece.
Price Action
With a market capitalization of Rs 3,563.36 crore, Medi Assist Healthcare Services Ltd soared 7 percent in Thursday’s trading session and made an intraday high of Rs 515.3 per share compared to its previous closing price of Rs 480.1 per share.
The stock retraced from its day’s low and was trading at Rs 505.3 which is 5 percent higher than the previous closing price.
What Happened
Medi Assist Healthcare Services Ltd recently saw a significant bulk trade where Aditya Birla Sun Life Mutual Fund bought a 1.56 percent stake in the company. This comprises 11 lakh equity shares purchased at an average price of Rs 492.9 totalling ~Rs. 54 Crores on NSE.
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About the Company
Medi Assist Healthcare Services Ltd operates in the health insurance landscape, linking members (policyholders and beneficiaries), payers (insurance companies, governments, and employers), and networks (hospitals, clinics, labs, and pharmacies). It is a market leader with 19.8 percent share in the health insurance industry, maintaining an average claim size CAGR of less than 6 percent during 9MFY25.
The company provides value for stakeholders by ensuring cybersecurity, reducing fraud, improving digital customer experiences, enhancing network benefits, and utilizing advanced data analytics. As of December 2024, it has added 3 private insurance companies in the retail segment.
Financials
The company’s revenue stands at Rs 186 crore in Q3 FY25, up by 12 percent year on year. This was accompanied by a 43 percent year on year increase in profits to Rs 30 crore during the same period.
Written by Shwetha Sairam
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During Thursday’s trading session, the shares of this smallcap stock specializing in managing health insurance jumped over 7 percent following a bulk deal where Aditya Birla Sun Life Mutual Fund bought 11 lakh shares at an average price of Rs 492.9 apiece. Price Action With a market capitalization of Rs 3,563.36 crore, Medi Assist Healthcare
The post Bulk Deal: Medi Assist jumps 7% after DII bought shares worth ₹54 Cr appeared first on Trade Brains. Read MoreNews, Stocks, market news, Medi Assist Healthcare Services, Medi Assist Healthcare Services latest news, Medi Assist Healthcare Services news, Medi Assist Healthcare Services share price, Medi Assist Healthcare Services stock price, stock market, Stock market news, stock news Trade Brains
