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The index closed flat but with a negative bias. It did manage to hold on to 47,000 levels towards the close of the trade, which is a positive sign. The Nifty50 closed with gains of nearly 20 points.

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“A 1.8 times growth in its AUM, from Rs 56,085 crores in FY2020 to over Rs 1,00,000 crore in the current financial year is reflective of this growth trajectory,” the company statement said.

The upside recovery of Wednesday from the immediate supports signals chances of further upside for the Nifty in the short term. There is a higher possibility of Nifty moving again into all-time highs of 21040+ levels in the near term.

Medi Assist Healthcare Services, backed by Bessemer Health Capital, had filed its draft papers with Sebi in its second attempt in August this year.

“Top sectors hiring right now are healthcare, pharma, electric vehicles, infrastructure, power, energy, FMCD, educational services. BFSI has been our top driver for the last few quarters and it will continue to do so. This quarter there is a little sluggishness on BFSI because of RBI caution on unsecured loans and riskier credits. FMCG is also little low.”

“If you have invested a large sum of money for 10 years, then after the 10th or 11th year, you can ensure that equity, which is a high growth asset, can take care of passive income also. At the same time, it gives you a cushion in case of any emergencies in future. That way also you can see that retirement is seen very differently currently.”

The stock quoted a 52-week high price of Rs 576.05 and a 52-week low of Rs 412.2.

The stock traded at a P/E multiple of 86.12, while the price-to-book value ratio stood at 6.23.