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Fortis Healthcare: Correction a good entry point

Steady growth and value unlocking potential are keeping analysts positive on the company

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Fortis Healthcare

Ujjval Jauhari 



Fortis

The stock has fallen about 30 per cent from its all-time high of Rs 230.90 seen in early May as investor sentiment weakened with the promoters’ plan to sell a stake in the company fizzling out. While the news flow around the promoter’s financial services company, Religare Enterprises, may also be weighing on sentiments, analysts say since and Religare are two separate entities, with nil holding in each other, they are not worried.

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First Published: Thu, July 13 2017. 00:27 IST

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