Why is Fortis Health. falling/rising?
As of 22-Aug, Fortis Healthcare Ltd's stock price is 935.80, down 1.29% recently but up 75.98% over the past year. Despite short-term declines, the stock shows strong long-term growth potential and solid financial metrics.
As of 22-Aug, Fortis Healthcare Ltd's stock price is currently at 935.80, reflecting a decrease of 12.2 points or 1.29%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.88%. Despite this short-term drop, the stock has shown strong performance over the longer term, with a 75.98% increase over the past year and a remarkable 581.33% rise over the last five years. Additionally, the stock is currently 3.76% away from its 52-week high, indicating that it has been trading near its peak levels. The company also benefits from a low Debt to EBITDA ratio of 1.15 times, strong operating profit growth, and high institutional holdings at 56.97%, which suggests a solid foundation for future performance.In the broader market context, Fortis Healthcare's recent performance contrasts with the Sensex, which has gained 0.88% over the past week. While the stock has experienced a slight decline of 0.23% in the last week, it has significantly outperformed the benchmark over the past month with a 15.43% increase compared to the Sensex's decline of 1.07%. This indicates that while the stock is facing short-term challenges, its long-term growth prospects remain strong, supported by rising investor participation and healthy financial metrics.
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