Fortis Healthcare Faces Mixed Performance Amid Broader Market Volatility

Apr 16 2025 12:05 PM IST
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Fortis Healthcare saw a decline on April 16, 2025, despite reaching an intraday high. The stock's performance is mixed relative to its moving averages. Over the past year, it has outperformed the Sensex, but year-to-date figures show a notable decline compared to the broader market.
Fortis Healthcare has experienced a notable decline of 3.44% on April 16, 2025, underperforming its sector by 3.73%. The stock reached an intraday high of Rs 687.85, reflecting a 2.4% increase, but also dipped to a low of Rs 646.3, marking a decrease of 3.78%.

In terms of moving averages, Fortis Healthcare is currently above its 5-day, 20-day, 50-day, and 200-day moving averages, yet remains below its 100-day moving average. This indicates a mixed performance in the short to medium term.

On a broader market scale, the Sensex opened positively but has since turned negative, trading at 76,729.65, down by 0.01%. While the Sensex is above its 50-day moving average, this average is below the 200-day moving average, suggesting potential volatility in the market.

Over the past year, Fortis Healthcare has shown a robust performance with a 47.38% increase, significantly outpacing the Sensex's 5.21% rise. However, year-to-date, the stock has declined by 9.67%, contrasting with the Sensex's slight drop of 1.78%.
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