Buy Fortis Healthcare as it can go up by 40-75%: Rajen Shah, Angel Broking

In a chat with ET Now, Rajen Shah, Chief Investment Officer, Angel Broking, shares his views on Fortis Healthcare Ltd.

ET Now: What is your call on Fortis Healthcare?

Rajen Shah: For Fortis Healthcare, there has been just a Rs 10-12 move in the last few days actually. Otherwise, the stock has been languishing at this level of 90-100 for the last almost 12 months. The stock has slowly and steadily come down and is very close to its bottom.

There is a very low risk in the stock and the upside is high. Therefore, buy the stock because the risk is just about 10% but the upside could be anywhere between 40-75%.