Gift Nifty 800 point down

FMCG Pharma and Energy producers could be sectors to accumulate on dips.

Market recovered a bit as Crude fell nearly 10% from day high

Good morning !!! Good news

Iran proposed a three step plan to ease tensions: immediate ceasefire with US and Israel halting attacks, return to negotiations with global powers and UN support, and international unity to promote multilateralism and dialogue.

I am still wondering why they fought..... and lost so much in war. When opponent is too strong it is always better to retreat join hands with stronger hands and fight back.

Thats exactly what Israel is doing.

Market is falling for no reason whatsoever

Yesterday also small and midcaps reversed all gains

This is not a good sign.....

Iran’s Supreme Leader Ayatollah Mojtaba Khamenei vowed to continue attacks on Gulf neighbours and use leverage to close the Strait of Hormuz. He promised to avenge those killed in the war.

Read more: https://www.livemint.com/news/world/in-first-message-as-supreme-leader-mojtaba-khamenei-seeks-us-base-closures-vows-minab-school-attack-revenge-11773323871424.html

Good morning ❤️❤️

I am expecting a good recovery, market is near support zone of 23200/400 with weak hands shaken I expect some reversal upto 24500

Koi support wagera kaam nahi kar raha 🙈

Global markets recovered nearly 2% from day lows

Mediassist a detailed analysis

Expansion Plans for Next 1 and 3 Years
Medi Assist is evolving from a traditional Third-Party Administrator (TPA) to a Health Benefits Administrator (HBA) through technology-led modular services (SaaS claims, AI fraud detection, networks). No explicit numerical targets (e.g., revenue/PUM) for 1/3 years, but management guidance emphasizes industry+ growth, market share gains (Group: 32.2% in 9M FY26; overall 21.1%), tech revenue scaling (81.5% YoY to 2.3% of total), and steady-state EBITDA margins of 22-23% post-integrations. Focus: consolidation via M&A, global IPMI expansion, retail hybrid model (TPA + tech).

Next 1 Year (FY26-FY27): Paramount integration complete (tech migration, AI rollout); full Star Health volumes on MAtrix (2-3 quarters); debt-free (achieved Jan 2026); tech pilots to contracts; cashless 100% per IRDAI.
Next 3 Years (FY27-FY29): Modular HBA unbundled ("plug-and-play"); tech > core TPA margins; global via HealthX; retail access via tech (₹15-16k Cr premiums); sustain sub-6% claim inflation vs. industry 10-12%.
Management Quote: "Our real focus continues to be on improving further on Paramount integration... double down on our tech deployments... both in India and outside." (Q3 FY26 Concall)

New Things the Company Has Been Doing
Paramount TPA Acquisition (Closed Jul 2025): Added ₹4,000 Cr premiums; #2 in Group. Slump transfer (Feb 1, 2026) for unified retail ops. Margins: -6.4% (Q2 FY26) → -0.9% (Q3 FY26, +557 bps QoQ).

Star Health Partnership: MAtrix deployment (40% volumes migrated); full-scale in 2-3 quarters. Industry-first tech transformation.

AI/ML Scale-Up:

Initiative Key Metrics (9M FY26)
MAven Guard (FWA) ₹400 Cr savings (+66% YoY); 82% AI-driven; 1,800 hospitals cautioned; investigations -630 bps.
Raksha Prime 35k patients/month; 15% cashless discharges; 6k hospitals; 4.75/5 rating.
MAgnum (Provider Platform) Beta (20 hospitals): 70% Prime discharges; 50% bed churn improvement; NPS jump.
MAven Navigator 40% room optimizations pre-hospitalization.
International: 98% HealthX migration; 3 new insurer ties (19% overseas market); marine yacht +27 customers.

Other: Debt-free (Jan 2026, ₹200 Cr cash); GST settlement (₹4.83 Cr paid Mar 2026); cyber incident resolved (Nov 2025).

Management Quote: "Tech revenues have grown 81.5% year-on-year... Multiple pilots underway... MAven Guard prevented about INR400 crores of fraud." (Q3 FY26 Concall)

Key Projects/Expansions Underway
Project Status/Details Expected Impact
Paramount Integration Tech migration (Jan 2026 renewals live); AI enabled; employee costs 43.1% rev (vs. 45.4% prior). One TPA entity; margins to 20%+ in 2-3 qtrs; Group share to ~36%.
MAtrix/Tech Platform Live w/ 3 insurers (₹20k Cr GWP, 75% retail); 77L claims processed. High-margin SaaS (transaction-based + outcome); pilots → contracts.
Raksha Ecosystem Prime/Navigator/MAgnum: 4L discharges (6k hospitals). Frictionless cashless; hospital self-serve; regulatory alignment.
Global (HealthX/MAven Global) IPMI pilots overseas; partnerships unlocked. 16.3% rev growth (9M); seafarer/marine expansion.
Govt Schemes 33 Cr members; #1 TPA in key states. 46.7% rev growth (9M); 12.1% total rev.
Milestones Set:

Paramount: EBITDA breakeven (achieved Q3 FY26); full steady-state (4-5 qtrs post-close).

Tech: 100% Star volumes (Q4 FY26); outcome-pricing for AI (concrete contracts soon).
Financial: Debt-free (Jan 2026 ✅); EBITDA 21.7% ex-Paramount (+51 bps YoY).
Ops: 39 Cr lives served; 72.9L claims (9M, +22.4% YoY); 94% retention.
Management Quote: "Paramount integration progressing... Platform consolidation underway... We'll continue to double down on improving market penetration from a tech solutions perspective." (Q3 FY26 Concall/Presentation)