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Fortis Healthcare turns volatile after promoters Singh brothers resignation

The stock opened 2% lower at Rs 123 on BSE, bouncing back 28% to hit high of Rs 157 in intra-day trade, trading at Rs 147 at 09:48 AM.

Fortis Hospital, Fortis
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Fortis Hospital

SI Reporter Mumbai
The stock of Fortis Healthcare has turned volatile a day after the promoters Malvinder Mohan Singh and Shivinder Mohan Singh announced late on Thursday their decision to resign from the board of the hospital chain.

The stock opened 2% lower at Rs 123 on BSE, bouncing back 28% to hit high of Rs 157 in intra-day trade so far on back of heavy volumes.

At 09:48 AM; it was trading 16.5% higher at Rs 147, as against 1.4% decline in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 23.58 million