Things look better for Fortis from a long term prospective: Geojit BNP Paribas Financial Services

Gaurang Shah, chief manager, Geojit BNP Paribas Financial Services, in a chat with ET Now talks about Fortis Healthcare.

What’s the sense on Fortis Healthcare? Do you think that counter is worth looking at?

The moves that have happened in the recent past as far as acquisitions are concerned or reshuffling of board is concerned, all these to take a positive move on the stock prices is going to take a while. Nothing is going to happen in an immediate short to medium term. So yes, from a long-term perspective a year, year-and-a-half, definitely things look much more better as far as Fortis Healthcare is concerned. The stock has corrected today. I am not really sure at what levels it is now but once up at 170, it is a very comfortable level to accumulate Fortis Healthcare with one-year time horizon.