Fortis Healthcare Achieves 52-Week High Amid Broader Market Decline
Fortis Healthcare's stock has reached a new 52-week high of Rs. 868.6, showcasing significant growth amid a declining broader market. The company has consistently outperformed its sector and delivered impressive annual returns, reflecting strong momentum and a notable increase from its previous low of Rs. 480.45.
Fortis Healthcare has made headlines today as its stock price reached a new 52-week high of Rs. 868.6, marking a significant milestone for the midcap hospital operator. This achievement comes amid a broader market context where the Sensex has experienced a decline, falling by 366.97 points to 80,579.46, reflecting a negative sentiment with a three-week consecutive drop of 1.44%.In terms of performance, Fortis Healthcare has outperformed its sector by 0.63% today and has shown a consistent upward trend, gaining for the last four days with a total return of 3.4% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum.
Over the past year, Fortis Healthcare has delivered impressive returns of 72.53%, significantly outpacing the Sensex, which has only seen a 2.34% increase. The stock's previous 52-week low was recorded at Rs. 480.45, highlighting the substantial growth it has achieved in the past year.
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