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Trending stocks: Fortis Healthcare stock up 0.24%

ICRA upgraded the company's long-term rating from BBB+ to A-.

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Last Updated: Mar 31, 2020, 10.39 AM IST
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Fortis Healthcare, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 9580.42 crore) operating in Hospitals & Allied Services sector.
NEW DELHI: Shares of Fortis Healthcare traded 0.24 per cent up in Tuesday's trade at 10:26 am. Around 3,07,601 shares changed hands on the counter. The stock opened at Rs 133.0 and touched an intraday high and low of Rs 133.0 and Rs 127.1, respectively, in the session so far.

ICRA upgraded the company's long-term rating from BBB+ to A-.

The stock quoted a 52-week high of Rs 167.95 and a 52-week low of Rs 111.3.

Financials
Fortis Healthcare, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 9580.42 crore) operating in Hospitals & Allied Services sector.

The company reported net profit after tax of Rs 73.48 crore for the quarter ended 31 December, 2019. For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1168.92 crore, down 3.57 per cent from last quarter Sales of Rs 1212.17 crore and up 5.95 per cent from last year same quarter Sales of Rs 1103.27 crore.

Fortis Healthcare key products/revenue segments include healthcare services which contributed Rs 642.96 crore to sales value (97.93 per cent of total sales), lease rentals which contributed Rs 7.04 crore to sales value (1.07 per cent of total sales), other operating revenue which contributed Rs 6.49 crore to sales value (0.98 per cent of total sales)for the year ending 31-mar-2019.

Promoters holding
Promoters held 31.166512 per cent stake in the company as of Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of 40.53 and price to book value of 1.36.

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