In today’s briefing:
- HDFC Bank: An Update
- Medi Assist Healthcare IPO Trading – Decent Subscription Rates Although Valuation Appears Fair
HDFC Bank: An Update
- HDFC Bank reported earnings last week. The next day the stock fell 8% followed by another 4% the day after.
- HDFC Bank is one of India’s bluest blue chip stocks with a reputation for being a high quality compounder.
- What happened and where do we go from here? First, some lessons from another life.
Medi Assist Healthcare IPO Trading – Decent Subscription Rates Although Valuation Appears Fair
- Medi Assist Healthcare Services (0886371D IN) raised around US$140m in its India IPO.
- Medi Assist Healthcare Services (Medi Assist) provides third party administration services to insurance companies via its subsidiaries.
- We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.
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