Fortis Healthcare vaults after large bulk deal

Fortis Healthcare jumped 5.08% to Rs 189.25 at 15:01 IST on BSE after a large bulk deal of 24.87 lakh shares was executed on the scrip at Rs 184 per share at 11:23 IST on BSE.

Meanwhile, the S&P BSE Sensex was up 231.95 points, or 0.78%, to 29,852.45

Bulk deal boosted volume on the scrip. On BSE, so far 32.49 lakh shares were traded in the counter, compared with an average volume of 10 lakh shares in the past one quarter. The stock hit a high of Rs 190.70 and a low of Rs 181.10 so far during the day.

The stock hit a record high of Rs 205 on 11 January 2017. The stock hit a 52-week low of Rs 142.60 on 9 November 2016. The stock had underperformed the market over the past 30 days till 31 March 2017, falling 3.17% compared with the Sensex's 2.71% rise. The scrip had also underperformed the market over the past one quarter, sliding 0.25% as against the Sensex's 11.24% rise.

The mid-cap company has an equity capital of Rs 517.73 crore. Face value per share is Rs 10.

On a consolidated basis, Fortis Healthcare reported net profit of Rs 453.29 crore in Q3 December 2016 as compared to net loss of Rs 29.16 crore in Q3 December 2015. Net sales rose 8% to Rs 109193 crore in Q3 December 2016 over Q3 December 2015.

Fortis Healthcare is a leading integrated healthcare delivery service provider in India. The healthcare verticals of the company primarily comprise hospitals, diagnostics and day care specialty facilities.

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