Buy call on Fortis Healthcare with a target of 97: CK Narayan

CK Narayan, Growth Avenues Asset Advisors, in a chat with ET Now gives his views on Fortis Healthcare

What is the call on Fortis Healthcare?

I have a buy call on Fortis Healthcare, currently trading at about 90 or 91 levels. The share had the sharpest drop post the news which emerged a few weeks ago. It has clearly found some support around 80-85. It is now starting to look up.

There is some more room on the upside till about 96-97 for the short term. So I suggest going long at the current level keeping a stop somewhere around 87 for a target at about 97.