Why is Fortis Health. falling/rising?
As of 08-Aug, Fortis Healthcare Ltd's stock price is at Rs 897.45, reflecting a 1.75% increase and nearing its 52-week high. The stock has shown strong performance with an 83.94% rise over the past year, supported by solid financials and positive investor sentiment.
As of 08-Aug, Fortis Healthcare Ltd's stock price is rising, currently at Rs 897.45, reflecting an increase of Rs 15.45 or 1.75%. The stock has shown strong performance recently, gaining 4.63% over the last two days and is only 0.81% away from its 52-week high of Rs 904.75. Additionally, it has outperformed its sector by 2.23% today. The stock has consistently delivered impressive returns, with a 1-year increase of 83.94% and a remarkable 550.56% rise over the past five years. Positive factors contributing to this upward movement include a strong ability to service debt, as indicated by a low Debt to EBITDA ratio of 1.15 times, and healthy long-term growth with an annual operating profit increase of 79.69%. Furthermore, the company reported its highest quarterly PAT and net sales recently, and high institutional holdings at 56.97% suggest confidence from knowledgeable investors.In the broader market context, Fortis Healthcare's short-term performance stands in stark contrast to the benchmark, as it has gained 4.45% over the past week while the Sensex has declined by 0.92%. This divergence highlights the stock's resilience and attractiveness to investors amid a challenging market environment. The stock's liquidity is also favorable, with a significant increase in delivery volume, indicating rising investor participation. Overall, the combination of strong financial performance, positive investor sentiment, and favorable market conditions has contributed to the stock's rising price.
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