Fortis Healthcare gains on signing O&M agreement with Dion Group
Fortis Healthcare is currently trading at Rs. 981.25, up by 6.55 points or 0.67% from its previous closing of Rs. 974.70 on the BSE.
The scrip opened at Rs. 970.05 and has touched a high and low of Rs. 985.00 and Rs. 970.05 respectively. So far 8119 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,105.00 on 13-Oct-2025 and a 52 week low of Rs. 757.30 on 11-Jul-2025.
Last one week high and low of the scrip stood at Rs. 988.75 and Rs. 936.05 respectively. The current market cap of the company is Rs. 73453.65 crore.
The promoters holding in the company stood at 31.17%, while Institutions and Non-Institutions held 57.32% and 11.51% respectively.
Fortis Healthcare has signed an Operations and Management (O&M) agreement with Dion Group, one of Odisha's leading real estate and infrastructure development groups, for a 300-bed greenfield multi-specialty hospital to be developed at Dion Riverside Township, Trishulia in Cuttack, Odisha. Headquartered in Bhubaneswar, Dion Group has established a strong presence in the state through landmark residential, commercial and integrated township developments and is currently expanding its footprint across hospitality and healthcare infrastructure. Once operational, the facility will serve as a major tertiary care destination for Odisha and neighbouring regions, bringing advanced clinical expertise, cutting-edge medical technology, and globally benchmarked healthcare services closer to patients.
The collaboration marks Fortis Healthcare's first major presence in Odisha and forms part of the Company's broader strategy to expand access to quality healthcare across the country through a combination of brownfield expansion and inorganic growth initiatives, including operating and management agreements and asset-light growth models.
