Stock of Interest

Posted On: September 11, 2023

Stock Report: FORTIS(NSE) 08 Sep 2023

Fortis Healthcare Ltd provides integrated healthcare delivery services in India. The company manages healthcare centers including hospitals, diagnostics, and day care specialty facilities. The company’s most prominent specialty in its hospital business is cardiac sciences. The Company is primarily engaged in the business of healthcare services which is the only reportable segment. The company’s key hospitals include Fortis Escorts Heart Institute in Dehli, Fortis Mulund in Mumbai, and Fortis Hospital in Bengaluru. A majority of the company’s revenue is derived from India. 

#xCalData predicts that FORTIS will continue its bullish phase over the next five days and trend within the range of 332 to 350. 

In comparison to the previous month, the price of the stock has experienced an increase of 4.27% indicating a bullish. 

The Stock has doubled once since 14 Jan 2015 and took an average of 2.3 years to double.  

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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