Fortis Healthcare Shows Strong Short-Term Gains Amid Broader Market Rally

Fortis Healthcare has shown notable activity today, gaining 3.23% on March 24, 2025. The stock has outperformed its sector by 2.37%, marking a positive trend as it has experienced consecutive gains over the last three days, accumulating a total return of 5.84% during this period. The stock opened with a gain of 2.1% and reached an intraday high of Rs 662, reflecting a 5.47% increase.
In terms of moving averages, Fortis Healthcare is currently positioned above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average. This performance comes amid a broader market rally, with the Sensex rising 1.2% today, continuing its upward trajectory for three consecutive weeks, gaining 6.33% in that timeframe.

Over the past year, Fortis Healthcare has delivered an impressive 60.25% return, significantly outperforming the Sensex, which has risen by 6.91%. However, year-to-date performance shows a decline of 9.89% for Fortis, contrasting with the Sensex's slight decrease of 0.35%. Overall, Fortis Healthcare's long-term performance remains robust, with a remarkable 403.65% increase over the past five years.