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Fortis Healthcare is currently trading at Rs 106.00, up by 1.00 points or 0.95% from its previous closing of Rs 105.00 on the BSE.
The scrip opened at Rs 106.00 and has touched a high and low of Rs 106.85 and Rs 104.50 respectively. So far 77433 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 119.50 on 17-Dec-2012 and a 52 week low of Rs 89.55 on 30-Aug-2012.
Last one week high and low of the scrip stood at Rs 106.95 and Rs 99.05 respectively. The current market cap of the company is Rs 4244.60 crore.
The promoters holding in the company stood at 81.48% while Institutions and Non-Institutions held 5.90% and 12.63% respectively.
Hospital chain Fortis Healthcare’ Institutional Placement Programme (IPP) opened for subscription on May 13, 2013. The company’s board of directors, at their meeting held on May 13, approved the issue of 3, 49, 93,030 equity shares at a price band of Rs 87-92 per equity share.
In terms of approval granted by SEBI, the company would allot upto 50% of the issue size to International Finance (IFC) along with a minimum of ten allottees in the issue, with no more than 25% of the issue size being allotted to other investor participating in the issue. However, if the company allots more than 25% of the issue to IFC, all equity shares allotted to latter under the issue than shall be locked in for a period of one year from the date of allotment.
Further, the company’s board has approved issuance of up to 28.6 million shares to International Finance Corporation (IFC) for up to $45 million (about Rs 250 crore) on a preferential basis. However, the number of equity shares proposed to be allotted to IFC pursuant to the preferential allotment will stand reduced to the extent of participation by IFC in the issue.
The company’s hospital business is spread over, with 62 healthcare facilities with presence across 17 states and over 35 cities, while the diagnostics business is present in 450 cities across the country. Some of the projects are in various stages of development and implementation.
| Company Name | CMP |
|---|---|
| Apollo Hospital Ent. | 7092.05 |
| Max Healthcare Inst | 1068.40 |
| Narayana Hrudayalay | 1245.75 |
| Aster DM Healthcare | 420.70 |
| Global Health | 1113.70 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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