FORTIS Healthcare - Oct 14, 2020 - Angel Broking

Mr. Keshav Lahoti - Associate Equity Analyst, Angel Broking Ltd

"Hospital sector is gradually recovering from the impact of Covid-19. Covid-19 business related revenue is helping them to offset losses in non-covid business. Mr Ashutosh, MD and CEO of Fortis Healthcare said that the Company is currently operating at 80-90% level in terms of pre covid levels. He further added, in April business was down to 27-29% occupancy for the Company which is now back to 65% occupancy. Last year during the same time occupancy was hovering around 75% for the Company. We believe in the next few months their business should be near normal levels. Although it will take time for international patients revenue to come back to pre covid levels."

Shares of FORTIS HEALTHCARE LTD. was last trading in BSE at Rs.130.35 as compared to the previous close of Rs. 136.15. The total number of shares traded during the day was 126662 in over 1993 trades.

The stock hit an intraday high of Rs. 136 and intraday low of 127.6. The net turnover during the day was Rs. 16571165.

Source : Equity Bulls

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