India's Fortis Healthcare rises after acquisition to expand capacity in Bengaluru

Fortis Healthcare

22/12/2025 06:35

** India's Fortis Healthcare FOHE.NS rises as much as 2.3% to 911.4 rupees

** Co to acquire 125-bedded People Tree Hospital in Bengaluru, strengthening its position in the South Indian healthcare market

** FOHE to also acquire adjacent land parcel, which will help expand capacity to more than 300 beds at an additional investment of 4.1 billion rupees

** JM Financial upgrades FOHE to "buy" from "add" following the acquisition and a 20% drop in stock price from recent highs

** Stock rated "buy" on average by 14 analysts; median PT 1,080 rupees, per data compiled by LSEG

** YTD, FOHE up 26.6%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))