Fortis good for long term: Seshadri Bharathan, KSEMA Fincon Ltd

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about healthcare space.

Do you track Fortis Healthcare?

We have seen string of activities. The company has acquired Singapore base, they have taken stake in Singapore based hospital chain. But if you compare their total capacity, the total number of beds is around 5500 compared to Apollo Hospital which has a strength of around 8000 bed strength. In terms of PE, this stock trades around 70 to 80 times their FY11 earning while Apollo is at 30 times. So if the investor is there for a long term then he might like to invest in Fortis but in the medium term or short term I would look forward to invest in Apollo Hospital.