Fortis Healthcare soars on possible overseas acquisition

The stock settled at Rs 121, up 3% from its previous close. The counter clocked  volumes of  737,359 shares as compared to the two-week daily averegae traded volumes of 364,090 shares on the BSE.
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(Updated at 1112hrs)

Fortis Healthcare has soared following the news that the company is close to a major acquisition overseas. This move comes within months of acquiring Wockhardt hospitals. If the deal goes through, the company would get aminimum of 250 beds in Sri Lanka.

The stock opened at Rs 120 and touched a high of Rs 123. The scrip is now trading at Rs 122, up 4% from its previous close. The counter has clocked volumes of 274,554 shares as compared to the two-week daily average traded volumes of 364,090 shares on the BSE.