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Why big investors, brokerages like Fortis Healthcare

Higher proportion of mature hospitals and listing of diagnostics business bode well

Ram Prasad Sahu  |  Mumbai 

The Fortis Healthcare stock was up 8 per cent after buy ratings from brokerages and on news that Rakesh Jhunjhunwala picked up a stake in the company on Tuesday. For a company whose stock has taken a beating - down almost a third per cent in about three months, due to issues at the promoter group that have little direct impact for Fortis, these latest developments are a welcome. So, why this positive stance on Fortis? Goldman Sachs, which has a buy rating on the company, believes the mature hospitals and better occupancies will lead to margin expansion to the tune of 280 basis points ...

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First Published: Thu, August 24 2017. 00:03 IST
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