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Vineet Saxena

22nd May 2025 Β· SEBI-Registered Analyst

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FORTIS
β€” Fundamentally Strong, Technically Attractive πŸ“ˆ

βœ… Fundamentals: Fortis is a leading private healthcare provider in India, with a strong brand presence across metros and tier-1 cities. The company has seen consistent growth in revenue and operating margins, driven by an uptick in elective surgeries, diagnostics, and hospital occupancy. Debt is under control, and return ratios (ROCE/ROE) are improving YoY. πŸ“Š Technical View: The stock is forming a bullish structure on the daily chart β€” trading above all key moving averages (20/50/200 DMA). Breakout from a consolidation zone with strong volume confirms fresh buying interest. RSI is in a healthy zone without being overbought, indicating potential upside. πŸ” Outlook: With strong fundamentals and an improving chart pattern, Fortis is a promising candidate for both swing trading and long-term allocation. Keep on radar above β‚Ή### for momentum continuation.

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