Fortis, Dhampur Sugar stand tall, soar up to 20%

The current round of equity selloff may be running its course, but there are a few stocks that have stood out and defied the narrative.

Take, for instance, Avadh Sugar & Energy, which rose a good 19.91 per cent. Websol Energy, FCS Software, Innovana Thinklabs, SKS Textiles, Fortis Healthcare, Vasa Retail & Overseas, Zenith Exports, Raj Rayon, Euro Ceramics, Goenka Diamond, Dhampur Sugar, Magadh Sugar & Energy and Omkar Speciality rallied up to 17 per cent in morning trade on Friday.

Fortis Healthcare hogged limelight after reports that Fortis founders Malvinder Singh and his brother Shivinder are said to have taken $78 million out of the firm, and now they are working to pay back money so that the company can release its results.


“Fortis’s auditor, Deloitte Haskins & Sells LLP, refused to sign off on the company’s second quarter results until the funds were accounted for or returned,” a Bloomberg report said.

Benchmark equity indices were in a sea of red. The BSE Sensex was down 512.50 points at 33,900.66 at around 11.45 am (IST). The Nifty 50 index was also down 166.05 points at 10,410.80.

Of the 51 components on the Nifty index, 5 were trading in the green while 45 lost.

Tata Steel rose 0.94 per cent, along with Asian Paints, PowerGrid, Lupin and Coal India. On the other hand, HCL Tech retreated 0.23 per cent, together with Dr Reddy’s Labs, M&M, Bosch and Cipla.