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Rakesh Madhav CFA

27th Oct · SEBI-Registered Analyst

🟩 Fortis Healthcare Ltd (FORTIS)

Technical View:

FORTIS
saw a brief pullback from recent highs of ₹1,080 but remains above its trend support near ₹1,020 (21-EMA). The overall trend stays intact as long as it holds above ₹1,000. Upside resistance lies near ₹1,090–₹1,120. Fundamental View: Fortis continues to deliver steady growth in occupancy and ARPOB (average revenue per occupied bed). Its hospital expansion and asset-light model are driving profitability. Balance sheet is healthy with declining debt and improving margins. Analysts retain a Buy/Accumulate rating with targets near ₹1,150, citing strong healthcare sector tailwinds.

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