Fortis Healthcare Achieves 52-Week High Amid Broader Market Decline
Fortis Healthcare's stock has reached a new 52-week high of Rs. 979.45, reflecting significant growth for the midcap hospital operator. Over the past year, the stock has gained 67.78%, contrasting with a decline in the broader Sensex. It has consistently outperformed its sector and moving averages.
Fortis Healthcare has made headlines today as its stock price reached a new 52-week high of Rs. 979.45, marking a significant milestone for the midcap hospital operator. This achievement comes amid a broader market context where the Sensex is experiencing a slight decline of 0.15%, trading at 81,785.74 after a flat opening.In terms of performance, Fortis Healthcare has outperformed its sector by 0.72% today and has shown consistent growth over the past two days, with a total return of 1.26% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price momentum.
Over the past year, Fortis Healthcare has demonstrated impressive growth, with a return of 67.78%, significantly outperforming the Sensex, which has seen a decline of 1.33% in the same timeframe. The stock's 52-week low stands at Rs. 521.05, highlighting the substantial recovery and growth it has experienced in recent months.
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