India's Fortis Healthcare hits record high on buying entire stake in unit

Fortis Healthcare

02/09/2024 09:28

** Shares of Fortis Healthcare  FOHE.NS  rise as much as
2.7% to record high of 566.4 rupees
    ** The hospitals operator approved acquisition of entire
stake in unit Agilus Diagnostics on Friday after market close
    ** Stock rose in the last six months, gaining 35.3% during
the period
    ** FOHE has been above its 200-day simple moving avgs since
June 2023, indicating bullish sentiment
    ** Avg rating of the 13 analysts is "Buy" and median PT is
547 rupees, ~2.5% lower than current price - LSEG data
    ** FOHE last up 1.5%, adding to YTD gains of 33.6% so far



 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))