Medi Assist Healthcare Services Adjusts Evaluation Score Amidst Mixed Financial Performance

Medi Assist Healthcare Services, a small-cap player in the insurance industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a sideways pattern to a mildly bullish outlook.
The stock's current price stands at 558.60, slightly above the previous close of 552.10. Over the past year, Medi Assist has generated a return of 5.60%, while its profits have increased by 5%. The company has demonstrated strong long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 16.79%. Additionally, institutional holdings are notably high at 56.17%, indicating a robust interest from larger investors who typically possess greater analytical resources.

Despite facing challenges in its recent quarterly performance, with a reported PAT of Rs 21.53 crore reflecting a decline of 9.1% compared to the previous four-quarter average, the company maintains a relatively high Price to Book Value ratio of 7.3. The operating profit to interest ratio is at its lowest, recorded at 9.34 times, which may warrant further scrutiny.

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