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Fortis Healthcare gains on partnering with emergency response network RED.Health Fortis Healthcare is currently trading at Rs. 303.65, up by 0.75 points or 0.25% from its previous closing of Rs. 302.90 on the BSE. The scrip opened at Rs. 304.85 and has touched a high and low of Rs. 309.70 and Rs. 303.30 respectively. So far 38174 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 324.80 on 19-Sep-2022 and a 52 week low of Rs. 228.65 on 29-Jun-2022. Last one week high and low of the scrip stood...
Fortis Healthcare gains on partnering with emergency response network RED.Health
Fortis Healthcare gains on partnering with emergency response network RED.Health
Source: Accord Fintech
27/06/2023 5:06:14 PM
India`s Apollo Hospitals reports rise in Q4 profit before tax on lower costs  Indian healthcare services provider Apollo Hospitals Enterprise Ltd reported a 7.6% rise in its fourth-quarter profit on Tuesday, helped by a fall in input costs. Consolidated profit before tax rose to 2.54 billion rupees ($30.7 million) for the three months ended March 31, from 2.36 billion rupees a year earlier, the company said in a stock exchange filing. Revenue from operations for one of the country's largest hospital chains rose nearly 21% to 43.02 billion rupees, while ...
India`s Apollo Hospitals reports rise in Q4 profit before tax on lower costs
India`s Apollo Hospitals reports rise in Q4 profit before tax on lower costs
Source: Reuters
30/05/2023 5:08:19 PM
Investors in UAE hospital chain Aster eye $300 million India stake sale Investors in Aster DM Healthcare are in talks to sell a 30% stake in the company's India business for about $300 million, two sources with direct knowledge said, the latest potential deal in India's booming healthcare sector. UAE-based and Mumbai-listed Aster runs 32 hospitals, 127 clinics and 521 pharmacies in India and the United Arab Emirates. The current talks are related to the India business and come just as Aster tries to demerge its Gulf business and sell a majority stake i...
Investors in UAE hospital chain Aster eye $300 million India stake sale
Investors in UAE hospital chain Aster eye $300 million India stake sale
Source: Reuters
26/05/2023 3:47:21 PM
Fortis Healthcare trades in green on the BSE Fortis Healthcare is currently trading at Rs. 288.30, up by 0.20 points or 0.07% from its previous closing of Rs. 288.10 on the BSE. The scrip opened at Rs. 288.80 and has touched a high and low of Rs. 290.00 and Rs. 285.35 respectively. So far 12705 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 324.80 on 19-Sep-2022 and a 52 week low of Rs. 219.80 on 20-Jun-2022. Last one week high and low of the scrip stood...
Fortis Healthcare trades in green on the BSE
Fortis Healthcare trades in green on the BSE
Source: Accord Fintech
25/05/2023 11:13:21 AM
Fortis Healthcare gains on reporting 59% rise in Q4 consolidated net profit Fortis Healthcare is currently trading at Rs. 293.55, up by 4.50 points or 1.56% from its previous closing of Rs. 289.05 on the BSE. The scrip opened at Rs. 291.05 and has touched a high and low of Rs. 294.95 and Rs. 286.30 respectively. So far 80436 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 324.80 on 19-Sep-2022 and a 52 week low of Rs. 219.80 on 20-Jun-2022. Last one week high and low of the scrip stood...
Fortis Healthcare gains on reporting 59% rise in Q4 consolidated net profit
Fortis Healthcare gains on reporting 59% rise in Q4 consolidated net profit
Source: Accord Fintech
24/05/2023 12:07:52 PM
Fortis Healthcare soars on reporting 67% rise in Q2 consolidated net profit Fortis Healthcare is currently trading at Rs. 297.25, up by 14.55 points or 5.15% from its previous closing of Rs. 282.70 on the BSE. The scrip opened at Rs. 285.00 and has touched a high and low of Rs. 298.55 and Rs. 285.00 respectively. So far 51495 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 324.80 on 19-Sep-2022 and a 52 week low of Rs. 219.80 on 20-Jun-2022. Last one week high and low of the scrip stoo...
Fortis Healthcare soars on reporting 67% rise in Q2 consolidated net profit
Fortis Healthcare soars on reporting 67% rise in Q2 consolidated net profit
Source: Accord Fintech
14/11/2022 11:30:38 AM
Diwali Fundamental Muhurat Picks By ARETE Securities VIP Industries Ltd. CMP: INR 683 VIP Industries is India's largest luggage manufacturing company which manufactures luggage and travel accessories. It is based in Mumbai, India and is the world's second-largest and Asia's largest luggage maker. The company has more than 8,000 retail outlets across India and a network of retailers in 50 countries. It acquired United Kingdom-based luggage brand Carlton in 2004 Key Investment Rationales Immense scope for margin expansio...
Diwali Fundamental Muhurat Picks By ARETE Securities
Diwali Fundamental Muhurat Picks By ARETE Securities
Source: ARETE Securities Ltd
19/10/2022 2:39:41 PM
Key Stock News: Fortis Healthcare, Bharat Petroleum, HCC, Adani Group, ONGC -ARETE Securities Key News IHH in talks with Indian authorities over stalled open offer in Fortis Malaysia's IHH Healthcare is in discussions with relevant authorities in India to determine the next step for its stalled open offer for an additional 26.1 per cent stake in Fortis Healthcare, according to a company statement. The Supreme Court had last week ordered a forensic audit of the share sale of Fortis Healthcare to IHH Healthcare executed in 2018, in a contempt case filed by Japanese firm Dai...
Key Stock News: Fortis Healthcare, Bharat Petroleum, HCC, Adani Group, ONGC -ARETE Securities
Key Stock News: Fortis Healthcare, Bharat Petroleum, HCC, Adani Group, ONGC -ARETE Securities
Source: ARETE Securities Ltd
28/09/2022 9:30:25 AM
Add Fortis Healthcare Ltd For Target Rs.299- ICICI Securities Legal setback, but no fundamental change The Supreme Court of India (SC) has announced its judgement in the Daiichi Sankyo-Fortis-IHH case. Excerpts from the judgement: (i) stay order on the open offer of 26% post Fortis-IHH deal in FY19 continues; (ii) pronounces jail term of six months for the Singh brothers; (iii) remands the issue to Delhi High Court (HC); and (iv) directs Delhi HC to consider a forensic audit for the Fortis-IHH deal. Fortis will seek legal advice on the matter. As ...
Add Fortis Healthcare Ltd For Target Rs.299- ICICI Securities
Add Fortis Healthcare Ltd For Target Rs.299- ICICI Securities
Source: ICICI Securities Ltd
23/09/2022 12:33:53 PM
India's Fortis sinks 20% as top court extends stay on IHH open offer Shares of Fortis Healthcare sank nearly 20% on Thursday and eyed their biggest slide in nearly 15 years, after reports said India's top court ordered the continuation of a stay on IHH Healthcare's open offer for the company. The Supreme Court also remanded the issue of the Fortis-IHH deal to the Delhi High Court and directed it to consider a forensic auditor's appointment, CNBC TV-18 reported. Reuters was not immediately able to review the order. IHH had won a bid for a 3...
India's Fortis sinks 20% as top court extends stay on IHH open offer
India's Fortis sinks 20% as top court extends stay on IHH open offer
Source: Reuters
22/09/2022 3:05:36 PM
Fortis Healthcare rises on reporting around 3-fold jump in Q3 consolidated net profit Fortis Healthcare is currently trading at Rs. 261.70, up by 2.60 points or 1.00% from its previous closing of Rs. 259.10 on the BSE. The scrip opened at Rs. 256.00 and has touched a high and low of Rs. 264.15 and Rs. 253.00 respectively. So far 50304 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 313.80 on 04-Jan-2022 and a 52 week low of Rs. 156.00 on 22-Feb-2021. Last one week high and low of the scrip stood...
Fortis Healthcare rises on reporting around 3-fold jump in Q3 consolidated net profit
Fortis Healthcare rises on reporting around 3-fold jump in Q3 consolidated net profit
Source: Accord Fintech
14/02/2022 10:00:32 AM
Stock Picks - Buy Fortis Healthcare Ltd For Target Rs.325 - ICICI Direct Technical Observations * The hospital stocks continue to outperform. Fortis healthcare is our preferred pick within the hospital stocks, which we expect to outperform * The stock is at the cusp of generated a breakout above the bullish cup and handle pattern with strong volume signaling continuation of the up move and offers fresh entry opportunity * Going ahead we expect the stock to maintain positive bias and head higher towards | 325 levels being the 161.8% external retraceme...
Stock Picks - Buy Fortis Healthcare Ltd For Target Rs.325 - ICICI Direct
Stock Picks - Buy Fortis Healthcare Ltd For Target Rs.325 - ICICI Direct
Source: ICICI Direct
3/01/2022 12:05:33 PM
Buy Fortis Healthcare Ltd For Target Rs.335 - Edelweiss Financial Services Recovery ahead of expectations Fortis’s Q2FY22 revenue/EBITDA beat estimate by 6%/29%. Return of surgical work at hospitals (56%; 41% in Q1FY22) led to record-high ARPOBs at ~INR18.7mn, translating to an impressive 16.7% margin. SRL clocked highest quarterly revenue with a healthy 25% margin. Fortis’s all-round strength reinforces our conviction on its robust execution. Brownfield expansion and a sustained uptick across businesses should spur long-term growth. Continued focu...
Buy Fortis Healthcare Ltd For Target Rs.335 - Edelweiss Financial Services
Buy Fortis Healthcare Ltd For Target Rs.335 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
3/12/2021 9:22:14 AM
Stock Picks - Buy Fortis Healthcare Ltd For Target Rs.316 - ICICI Direct Technical Observations * The stock has recently registered a breakout above the falling channel containing last two months corrective decline signalling a reversal of the corrective decline and offers fresh entry opportunity. * We expect the stock to maintain positive bias and head towards | 316 levels being the 123.6% external retracement of the last two months breather (| 303-232) * The stock has almost completely retraced its nine weeks decline (| 303-232) in just three weeks...
Stock Picks - Buy Fortis Healthcare Ltd For Target Rs.316 - ICICI Direct
Stock Picks - Buy Fortis Healthcare Ltd For Target Rs.316 - ICICI Direct
Source: ICICI Direct
18/11/2021 11:13:30 AM
Buy Fortis Healthcare Ltd : Solid performance, turnaround in progress - ICICI Securities Buy Fortis Healthcare Ltd For Target Rs.282 Solid performance, turnaround in progress Fortis Healthcare (FHL) reported Q1FY22 performance better than estimates driven by business recovery across hospitals & diagnostics, continued focus on cost optimisation and incremental upside from covid-19 tests. We expect the performance improvement to continue in coming quarters and estimate strong growth in FY22E. Revenue grew 133% YoY to Rs14.1bn (I-Sec: Rs13.4bn) with hospitals growing 106% ...
Buy Fortis Healthcare Ltd : Solid performance, turnaround in progress - ICICI Securities
Buy Fortis Healthcare Ltd : Solid performance, turnaround in progress - ICICI Securities
Source: ICICI Securities
14/10/2021 10:32:07 AM
Fortis Healthcare slips as its arm receives SEBI notice in funds diversion case Fortis Healthcare is currently trading at Rs. 204.10, down by 2.05 points or 0.99% from its previous closing of Rs. 206.15 on the BSE. The scrip opened at Rs. 206.90 and has touched a high and low of Rs. 206.90 and Rs. 202.50 respectively. So far 72968 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 227.20 on 05-Apr-2021 and a 52 week low of Rs. 113.20 on 26-May-2020. Last one week high and low of the scrip sto...
Fortis Healthcare slips as its arm receives SEBI notice in funds diversion case
Fortis Healthcare slips as its arm receives SEBI notice in funds diversion case
Source: Accord Fintech
16/04/2021 2:50:34 PM
Add Fortis Healthcare Ltd For Target Rs.190 - ICICI Securities Strong revenue and margin recovery Fortis Healthcare (FHL) reported Q3FY21 performance better than estimates driven by business recovery across hospitals & diagnostics and continued focus on cost optimization. We expect the performance to continue to improve in coming quarters and estimate positive revenue from Q4FY21 onwards. Revenue grew 0.7% YoY to Rs11.8bn (I-sec: Rs11.3bn) with hospitals declining 4.9% and SRL (diagnostics) growing 25.9%. EBITDA margin improved 280/410bps YoY/QoQ...
Add Fortis Healthcare Ltd For Target Rs.190 - ICICI Securities
Add Fortis Healthcare Ltd For Target Rs.190 - ICICI Securities
Source: ICICI Securities Ltd
3/03/2021 10:23:30 AM
Buy Fortis Healthcare Ltd For Target Rs.215 - SPA Securities Fortis Healthcare Limited delivered a strong quarterly performance with all round improvement in hospital and diagnostic business. Hospital business occupancy reached 64% during the quarter vs 57% in Q2 FY21 due to improvement in non-covid occupancy and patient returning to elective surgery. ARPOB/ALOS has improved sequentially from 1.49cr/3.86days to 1.58cr/3.81days.Diagnostic business has seen steady improvement with covid related tests revenue fell to 24% during the quarter. Diagnostic bus...
Buy Fortis Healthcare Ltd For Target Rs.215 - SPA Securities
Buy Fortis Healthcare Ltd For Target Rs.215 - SPA Securities
Source: SPA Securities Ltd
9/02/2021 10:31:35 AM