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HomeNewsIndian NewsMedi Assist Healthcare Debuts on Stock Exchange at 11% Premium: Buy, Hold,...

Medi Assist Healthcare Debuts on Stock Exchange at 11% Premium: Buy, Hold, or Sell

Medi Assist

Medi Assist

Invest Wisely

Medi Assist IPO: The shares opened at Rs 460 on NSE and Rs 465 on BSE, versus the issue price of Rs 418.

  1. Listing Performance:
    • Medi Assist Healthcare stock debuts at an 11.24% premium over the IPO price.
    • Opens at Rs 460 on NSE and Rs 465 on BSE, surpassing the issue price of Rs 418.
  2. Growth Potential:
    • Analysts expect growth in Indian insurance penetration from 16% to 33% in the next 5 years.
    • Prashanth Tapse from Mehta Equities sees Medi Assist well-positioned to benefit as a dominant TPA player.
  3. Business Overview:
    • Provides TPA services through subsidiaries: Medi Assist TPA, Medvantage TPA, and Raksha TPA.
    • TPAs act as intermediaries processing health claims for insurers, offering services like policy administration and customer service.
  4. IPO Details:
    • Raised Rs 1,171.58 crore through an offer-for-sale of 2.8 crore shares, including the anchor portion.
    • Price band: Rs 397-418 per share.
  5. Analyst Recommendations:
    • Swastika Investmart suggests booking profits post-listing, with a cautionary approach.
    • Mehta Equities recommends holding for the long term.
    • Pace 360 advises holding for medium to long-term rewards.
    • StoxBox suggests booking profits upon listing and considering reinvestment after evaluating quarterly performance.

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Bitcoin is a unique digital currency different from regular money because it’s decentralized, meaning there’s no big bank or government controlling it. Instead, a network of computers around the world works together to manage and verify transactions. Imagine a giant public ledger that keeps track of every Bitcoin transaction ever made – that’s the blockchain. Each transaction is like a block in a chain, and they’re all linked together. What makes Bitcoin special is its limited supply. There will only ever be 21 million bitcoins, creating a sense of scarcity. The process of creating new bitcoins, called halving, happens every four years, making it a bit like digital gold. 

And where do you keep your bitcoins? In a digital wallet. Think of it like a digital purse or pocket. You can have software wallets on your computer or phone or use physical hardware wallets for extra security. Bitcoin is a cool digital currency that’s decentralized, uses fancy math to stay secure, has a limited supply like digital gold, and is maintained by a global network of computers working together. It’s like money, but with a digital twist.  

To buy Bitcoin in Canada, you can follow these general steps. Keep in mind that the specific process may vary based on the platform you choose and any regulatory changes that may have occurred 

 

Due to regulatory requirements, most exchanges in Canada will require you to verify your identity. This often involves submitting documents such as a government-issued ID, proof of address, and sometimes a selfie.  

 

Time to fuel your venture. Deposit Canadian dollars into your exchange account, and here’s where the magic happens. Navigate to the trading section, where you’ll place your buy order for Bitcoin. You decide the amount or the CAD you wish to invest. 

Keeping up with the times is crucial. Stay informed about the dynamic regulations in Canada and understand the tax implications of your cryptocurrency adventure. 

Remember, it’s not just about buying Bitcoin; it’s about understanding and winning in the game too. So, enjoying the journey but keeping our eyes open is a must. Let us hope that our Bitcoin endeavors be as thrilling as the world of crypto itself. 

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