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    Shares of Fortis Healthcare down 1%

    Synopsis

    Shares of Fortis Healthcare Ltd. traded 1.05 per cent down in trade at 10:36AM on Wednesday .

    fortisAgencies
    The stock quoted a 52-week high of Rs 167.95 and a 52-week low of Rs 111.3 .
    NEW DELHI: Shares of Fortis Healthcare traded 1.05 per cent down in Wednesday 's trade at 10:36 am . Around 181620 shares changed hands on the counter. The stock opened at Rs 130.0 and touched an intraday high and low of Rs 134.1 and Rs 126.25 , respectively, in the session so far.

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

    ICRA has withdrawn [ICRA] BBB+ (on watch with developing implications) and short term rating of [ICRA]A2 (on watch with developing implications) assigned to company's Rs 35 crore.

    Financials
    Fortis Healthcare Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 9720.09 Crore) operating in Hospitals & Allied Services sector.

    For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1168.92 Crore, down -3.57 % from last quarter Sales of Rs 1212.17 Crore and up 5.95 % from last year same quarter Sales of Rs 1103.27 Crore Company has reported net profit after tax of Rs -73.48 Crore in latest quarter.

    Fortis Healthcare Ltd. key Products/Revenue Segments include HealthCare Services which contributed Rs 642.96 Crore to Sales Value (97.93 % of Total Sales), Lease Rentals which contributed Rs 7.04 Crore to Sales Value (1.07 % of Total Sales), Other Operating Revenue which contributed Rs 6.49 Crore to Sales Value (0.98 % 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 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 1168.92 crore and net profit of Rs -73.48 crore.

    Valuation ratio
    It quoted a price-to-earnings ratio of 40.23 and price to book value of 1.35 .



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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