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    Buy Fortis Healthcare, target price Rs 372: HDFC Securities

    Synopsis

    Fortis Healthcare Ltd. key Products/Revenue Segments include HealthCare Services, Other Operating Revenue, Lease Rentals, Pharmaceuticals and Export Incentives for the year ending 31-Mar-2022.

    fortisAgencies
    Promoters held 31.17 per cent stake in the company as of 30-Jun-2022, while FIIs owned 29.66 per cent, DIIs 17.6 per cent.
    HDFC Securities has buy call on Fortis Healthcare with a target price of Rs 372. The current market price of Fortis Healthcare Ltd. is Rs 311.2.

    Fortis Healthcare Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 23505.62 Crore) operating in Hospitals & Allied Services sector.

    Fortis Healthcare Ltd. key Products/Revenue Segments include HealthCare Services, Other Operating Revenue, Lease Rentals, Pharmaceuticals and Export Incentives for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1508.55 Crore, up 8.99 % from last quarter Total Income of Rs 1384.09 Crore and up 6.37 % from last year same quarter Total Income of Rs 1418.15 Crore. Company reported net profit after tax of Rs 124.29 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 31.17 per cent stake in the company as of 30-Jun-2022, while FIIs owned 29.66 per cent, DIIs 17.6 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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