India's Fortis Healthcare gains on 29-year healthcare services pact

Fortis Healthcare

17/09/2026 07:53

** Shares of India's Fortis Healthcare FOHE.NS rise 2.5% to 892 rupees
** Stock set to gain after four sessions of losses
** Hospital operator says Fortis Hospotel unit has signed definitive agreements with Seth Sunder Lal Jain Charitable Eye Hospital to provide healthcare services to a 400+ bed super specialty hospital in Ashok Vihar, New Delhi
** Adds Fortis Hospotel will have exclusive rights to provide specified inpatient healthcare services under a 29-year agreement
** Adds hospital is expected to commence operations in 3-4 years, subject to necessary approvals
** Stock rated "buy" on average by 17 analysts; median PT is 1,100 rupees - LSEG compiled data
** Stock roughly flat YTD


 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))