Fortis Healthcare Experiences Surge in Trading Activity Amid Positive Market Sentiment

Fortis Healthcare Ltd, a prominent player in the hospital industry, has emerged as one of the most active equities today, with a total traded volume of 5,081,297 shares and a total traded value of approximately Rs 36.36 crores. The stock opened at Rs 671.50 and reached a day high of Rs 731.25, reflecting an intraday gain of 8.33%. Currently, the last traded price stands at Rs 725.65, which is 4.13% away from its 52-week high of Rs 744.50.
Notably, Fortis Healthcare has outperformed its sector by 5.38% today, marking a trend reversal after three consecutive days of decline. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Additionally, the delivery volume on May 21 surged to 131,900 shares, an increase of 83.17% compared to the 5-day average delivery volume, highlighting rising investor participation.

With a market capitalization of Rs 54,915.66 crores, Fortis Healthcare continues to demonstrate robust liquidity, making it a significant entity in the large-cap segment. Overall, the stock's performance today reflects a positive shift in market sentiment.