Trending stocks: Fortis Healthcare shares rise nearly 1%

NEW DELHI: Shares of Fortis Healthcare Ltd. traded 0.73 per cent up in Thursday's trade at 10:41AM (IST). Around 36,197 shares changed hands on the counter.

The counter opened at Rs 123.0 and touched an intraday high and low of Rs 125.8 and Rs 121.05, respectively, in the session so far. The stock of Fortis Healthcare Ltd. quoted a 52-week high of Rs 169.0 and a 52-week low of Rs 111.6.

Total market cap of the Fortis Healthcare Ltd. stood at Rs 9353.93 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 1112.92 crore for the quarter ended 31-Mar-2020, down 4.79 per cent from previous quarter's Rs 1168.92 crore and down 6.02 per cent from the year-ago quarter's Rs 1184.15 crore.

Shareholding pattern
As of 31-Mar-2020, DIIs held 7.13 per cent stake in the company, while foreign institutional investors held 43.13 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 161.44 and a price-to-book ratio of 1.32. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Fortis Healthcare Ltd. belongs to the Hospital industry.