Hot Pursuit     22-Feb-16
Fortis Healthcare corrects on profit booking
Fortis Healthcare fell 2.80% to Rs 170 at 14:09 IST on BSE on profit booking after a recent rally.

Meanwhile, the BSE Sensex was up 69.63 points, or 0.29%, to 23,778.78.

On BSE, so far 1.52 lakh shares were traded in the counter, compared with an average volume of 2.09 lakh shares in the past one quarter. The stock hit a high of Rs 174.90 and a low of Rs 167.70 so far during the day. The stock hit a record high of Rs 199.20 on 5 August 2015. The stock hit a 52-week low of Rs 140.85 on 20 February 2015. The stock had outperformed the market over the past one month till 19 February 2016, rising 2.28% compared with 3.15% decline in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 8.77% as against Sensex's 8.25% fall.

The mid-cap company has an equity capital of Rs 463.12 crore. Face value per share is Rs 10.

Shares of Fortis Healthcare jumped 16.21% in the past three trading sessions to settle at Rs 174.90 on Friday, 19 February 2016, from its close of Rs 150.50 on 16 February 2016.

On consolidated basis, Fortis Healthcare reported net loss of Rs 55.25 crore in Q3 December 2015 as against net loss of Rs 22.28 crore in Q3 December 2014. Net sales rose 1.55% to Rs 1027.51 crore in Q3 December 2015 over Q3 December 2014.

Fortis Healthcare is a leading integrated healthcare delivery service provider in India. The healthcare verticals of the company primarily comprise hospitals, diagnostics and day care specialty facilities.

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