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Fortis Healthcare

Fortis Healthcare Q1 PAT rises 40 percent to Rs 174 crore

Fortis Healthcare Q1 PAT rises 40 percent to Rs 174 crore

Wed, Aug 07, 2024

Fortis Healthcare reports a 40% increase in consolidated profit after tax to Rs 174 crore for Q1 FY24, driven by strong hospital business performance. Revenue rose to Rs 1,859 crore. The company plans to add nearly 700 beds this fiscal year and is exploring growth opportunities despite a lower performance in its diagnostics business.

Fortis lines up Rs 1,300 crore capex to expand existing hospitals

Fortis lines up Rs 1,300 crore capex to expand existing hospitals

Tue, May 28, 2024

He noted that the healthcare provider is looking to add bed capacity at various existing facilities, including hospitals in Faridabad and Anandpur Sahib."At Faridabad, there is space available, and we have planned to further expand..In regard to Anandpur, we have acquired a company with a different land parcel.

This multi-bagger hospital stock hits new high; it is expected to rise another 17%

This multi-bagger hospital stock hits new high; it is expected to rise another 17%

Mon, Jan 01, 2024

Stock market today, stock market news, buzzing stocks: On the last trading day of CY23, the stock ended over 3 per cent higher at Rs 419.2 per share on the NSE.

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Fortis Healthcare Q1 PAT falls 8.6% to Rs 122.5 crore

Fortis Healthcare Q1 PAT falls 8.6% to Rs 122.5 crore

Sat, Aug 05, 2023

Fortis Healthcare Ltd on Friday reported an 8.6 per cent decline in consolidated profit after tax to Rs 122.5 crore for the first quarter ended June 30.

Crisil upgrades credit rating outlook of Fortis Healthcare

Crisil upgrades credit rating outlook of Fortis Healthcare

Mon, Jul 24, 2023

Crisil has upgraded the credit rating outlook of Fortis Healthcare basis sustained improvement in the business risk profile of the company.

Sebi issues demand notices to 5 entities in Fortis Healthcare fund diversion case

Sebi issues demand notices to 5 entities in Fortis Healthcare fund diversion case

Fri, Jun 23, 2023

Capital markets regulator Sebi has sent notices to five entities asking them to pay Rs 5.7 crore within 15 days in Fortis Healthcare's case of fund diversion and misrepresentations to conceal the fraud.

Fortis to acquire Manesar-based Medeor Hospital for Rs 225 crore

Fortis to acquire Manesar-based Medeor Hospital for Rs 225 crore

Thu, Apr 20, 2023

Fortis said the acquisition fits well with its strategic approach of expanding presence in focus geographic clusters, including Delhi-NCR. It will enable the hospital chain to deliver services to patients in the upcoming areas of New Gurgaon, Dwarka Expressway and IMT Manesar, it added.

Analysts expect this Rekha Jhunjhunwala-owned stock to grow up to one-fifth in value

Analysts expect this Rekha Jhunjhunwala-owned stock to grow up to one-fifth in value

Mon, Feb 20, 2023

Rekha Rakesh Jhunjhunwala held 33,652,108 equity shares or a 4.5 per cent stake in Fortis Healthcare at the end of the October-December period, according to exchange data.

Should you buy, sell or hold Cipla, Fortis Healthcare, Bharti Airtel, BPCL, ONGC shares today?

Should you buy, sell or hold Cipla, Fortis Healthcare, Bharti Airtel, BPCL, ONGC shares today?

Mon, Feb 20, 2023

Brokerages are bullish on celebrity investor Rekha Jhunjhunwala-owned Fortis Healthcare citing the company's good growth outlook. They are divided on telecom stocks such as Bharti Airtel and Indus Towers, and skeptical on energy company stocks such as BPCL and ONGC.

Fortis Healthcare Tumbles As Supreme Court Orders Forensic Audit Of IHH Deal

Fortis Healthcare Tumbles As Supreme Court Orders Forensic Audit Of IHH Deal

Thu, Sep 22, 2022

Shares of Fortis Healthcare tumbled about 16 per cent after the Supreme Court of India ordered a forensic audit for IHH Healthcare. Know full details from Kushal Gupta.

Fortis Healthcare share price tumbles over 19% – what led to this free fall?

Fortis Healthcare share price tumbles over 19% – what led to this free fall?

Thu, Sep 22, 2022

According to Zee Business channel report, the apex court disposed off Daiichi's plea, and ordered a forensic audit on transactions, while refusing to lift the ban on IHH's open offer.

Corporate Radar: Swati Khandelwal In An Exclusive Conversation With Dr Ashutosh Raghuvanshi, MD & CEO, Fortis Healthcare

Corporate Radar: Swati Khandelwal In An Exclusive Conversation With Dr Ashutosh Raghuvanshi, MD & CEO, Fortis Healthcare

Wed, Jul 06, 2022

5% GST on beds above Rs 5000. How much impact did the decision have on the business? How expensive will the treatment be with 5% GST? Watch an exclusive conversation with Ashutosh Raghuvanshi, MD & CEO, Fortis Healthcare

Budget 2022 Pick with Anil Singhvi: Analyst sees over 28% upside in this Rakesh Jhunjhunwala backed Fortis Healthcare stock

Budget 2022 Pick with Anil Singhvi: Analyst sees over 28% upside in this Rakesh Jhunjhunwala backed Fortis Healthcare stock

Thu, Jan 20, 2022

In a special edition of Budget 2022 Pick with Zee Business Managing Editor Anil Singhvi, market analyst Avinash Gorakshakar recommends a Buy on Fortis Healthcare Services for good returns with a time-frame of 12 months.

Fortis Healthcare Q2FY22 Results: Net profit at Rs 131 crore

Fortis Healthcare Q2FY22 Results: Net profit at Rs 131 crore

Fri, Nov 12, 2021

Fortis Healthcare on Friday reported a consolidated net profit of Rs 130.60 crore for the second quarter ended September 30, driven by robust growth in the non-COVID business.

Rakesh Jhunjhunwala stocks: This Big Bull-backed hospital share jumped 17% in 5 sessions – check what’s driving the scrip

Rakesh Jhunjhunwala stocks: This Big Bull-backed hospital share jumped 17% in 5 sessions – check what’s driving the scrip

Thu, Aug 19, 2021

This Rakesh Jhunjhunwala-backed mid-cap hospital chain stock has jumped over 17 per cent in the last five sessions. Fortis Healthcare on Wednesday touched a new record high to Rs 274.8 per share after surging by around 4 per cent on the BSE intraday trade.

Rakesh Jhunjhunwala shareholding in Fortis Healthcare jumps!

Rakesh Jhunjhunwala shareholding in Fortis Healthcare jumps!

Tue, Jan 21, 2020

Rakesh Jhunjhunwala has increased his capital exposure in Fortis Healthcare from 1.66 per cent to 2.65 per cent.

Stocks to watch out for: SBI, PNB to Wipro - Follow these shares today; here's why

Stocks to watch out for: SBI, PNB to Wipro - Follow these shares today; here's why

Fri, Jun 07, 2019

There are series of events taking place into the government and corporate circles that may have its impact on the particular stocks. Zee Business TV makes a bunch of those stocks.

Ace investor Rakesh Jhunjhunwala removes money from this stock - What should you do? Find out

Ace investor Rakesh Jhunjhunwala removes money from this stock - What should you do? Find out

Fri, Jan 25, 2019

Earlier, Jhunjhunwala held about 2.41% stake in Fortis. So far, in six month’s period, Fortis has only grown by 1.96% which means there were barely any earnings made by Jhunjhunwala in this stock.

SC order does not impact 31.1% stake sale to IHH Healthcare: Fortis

SC order does not impact 31.1% stake sale to IHH Healthcare: Fortis

Sun, Dec 16, 2018

Healthcare Saturday said the Supreme Court ordering a status quo on its deal with IHH Healthcare Berhad does not impact the company's 31.1 per cent stake sale to the Malaysian firm.

SC orders status quo on sale of shares of Fortis to Malaysian firm IHH Healthcare

SC orders status quo on sale of shares of Fortis to Malaysian firm IHH Healthcare

Sat, Dec 15, 2018

The Supreme Court Friday ordered status quo with regard to the sale of controlling stakes of Fortis Healthcare to Malaysian IHH Healthcare Berhad by former Ranbaxy promoters and hospital operators -- Malvinder and Shivinder Singh.

Tycoon brothers Malvinder Singh, Shivinder accuse each other of assault; watch video

Tycoon brothers Malvinder Singh, Shivinder accuse each other of assault; watch video

Fri, Dec 07, 2018

In the latest twist to their ongoing corporate battle, elder brother Malvinder Singh in a video circulated on social media claimed that he was hit by younger brother Shivinder. In the video, he alleged that the incident happened Wednesday as Shivinder was trying to disrupt the board meeting of a group company, Prius Real Estate, which he reportedly claimed has lent around Rs 2,000 crore to companies owned by Gurinder Singh Dhillon and his family.

Malvinder Singh, Shivinder Singh blame Sunil Godhwani for Group's woes

Malvinder Singh, Shivinder Singh blame Sunil Godhwani for Group's woes

Fri, Aug 24, 2018

Former promoters of Fortis Healthcare and Religare Malvinder Singh and Shivinder Singh today blamed former Religare Enterprises Chairman and Managing Director Sunil Godhwani for the group's troubles.

Reliance Industries, Infosys among top stocks trending on Dalal Street today

Reliance Industries, Infosys among top stocks trending on Dalal Street today

Fri, Jul 20, 2018

Reliance Industries will remain in focus as its telecom venture Reliance Jio is all set to kick off its Monsoon Hungama Offer laster today, a day ahead of what was initially planned.

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