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Fortis Healthcare Ltd.
Share Price Target & Analysis

NSE:FORTIS

446.68

VWAP

446.60

Open

444.95

Close

448.60

High

445.00

Low

470.50

52 Week High

445.80 ⇧
0.85 (0.19%)

FORTIS

(HEALTHCARE SERVICES)
87.8% Momentum

Trending & Favourite

268.00

52 Week Low

1.76

EPS

84.73

PE

3.75

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: FORTIS Share Price Financial Analysis & Valuation

Fortis Healthcare Ltd. (FORTIS) is broadly categorized in HEALTHCARE SERVICES segment industry which deals in Hospitals & Medical Services vertical. It is one of Mid Cap company with Market Capitalization of Rs 19825.2 (in Cr). Total number of free float shares are 51.9 (in Lacs). Fortis Healthcare Ltd. is listed on NSE with Exchange ID - INE061F01013 and trading code is NSE:FORTIS with short name Fortis Health.

In the past 1 year, Fortis Healthcare Ltd. has declared an equity dividend of Rs 1 per share. At the current share price of FORTIS at Rs 445.80, this results in a dividend yield of 0.22 %.

As per the Fundamental Analysis of NSE:FORTIS, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine FORTIS underlying value and future prospects. All of this data is available in FORTIS financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:FORTIS, it is clearly understood that FORTIS is Economical performer in terms of earnings and profit margins with an EPS of 1.76. NSE:FORTIS book value per share as of today is 118.73. The current price to book ratio for FORTIS as of May 15, 2024 is 3.75.

Valuation of the Stock: The current valuation of FORTIS stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of FORTIS whether to BUY this stock at current valuation. The delivery percentage of FORTIS is 62.76% is very crucial parameter which shows that 62.76% investors are anticipating that the price of FORTIS share should go up with VWAP at 446.68.

Now, the main question is whether to BUY or SELL, NSE:FORTIS at current valuation.
As per latest Analysis No. #1873:-

⇑ STRONG BUY FORTIS if All Greens

⇗ BUY FORTIS (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD FORTIS (With Stop Loss) if only 1 Green

⇘ SELL FORTIS if NO Green Indicator

NSE: FORTIS Share Price Today (May 15, 2024)

(Fortis Healthcare Ltd. Daily Analysis on the basis of FORTIS Intraday Graph & Trend)

Fortis Healthcare Ltd. share price moved Up by 0.19% from its previous close of Rs 444.95. FORTIS stock last traded price is 445.80. FORTIS share price trend is Up with a total of 64331 stocks traded till now. It has touched an intraday high of Rs 448.60 and an intraday low of Rs 445.00. The FORTIS trading at 445.80, Up by Rs. 0.85, or 0.19 percent which suggests that most of the Traders are anticipating that the price of FORTIS share should go Up.

NSE: FORTIS Share Price Tomorrow Prediction

(Fortis Healthcare Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of FORTIS)

Fortis Healthcare Ltd. share price moved Up by 0.19%. FORTIS share price short term trend is Up. It suggests that FORTIS Share Price for Tomorrow remains the same with VWAP at 446.68 will be treated as stop loss for intraday traders. Fortis Healthcare Ltd. Long term investors can follow the FORTIS long term trend as mentiond in future forecast table.

NSE Code

NSE: FORTIS

FORTIS Share Price Today

 445.80

FORTIS Share Price Target Prediction for 2024 ^

 355.1 - 472.8

FORTIS Share Price Target Prediction for 2025*^

 472.8 - 503.7

FORTIS Share Price Target Prediction for 2026*^

 503.7 - 539

FORTIS Share Price Target Prediction for 2027*^

 566

FORTIS Share Price Target Prediction for 2028*^

 582

FORTIS Share Price Target Prediction for 2030*^

 635
FORTIS Current Book Value 2023
118.1

*Fortis Healthcare Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^FORTIS share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

FORTIS Technical Analysis

Candlestick Pattern: @443.05

FORTIS Moving Averages

BUY (12) NEUTRAL (0) SELL (2)
MA Simple Action S1 Expo Action E2
MA_5 445.4 SELL 443.42 SELL
MA_12 439.52 BUY 438.89 BUY
MA_20 435.53 BUY 434.65 BUY
MA_32 421.16 BUY 429.12 BUY
MA_50 421.58 BUY 424.94 BUY
MA_100 422.42 BUY 414.29 BUY
MA_200 377.91 BUY 382.6 BUY

FORTIS Trend Oscillators

BUY (4) NEUTRAL (0) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 435.53 Uptrend
MACD 0.55 BUY
ADX 25.34 Strong Trend
DMI (+/-) 22.26 / 14.62 Uptrend

FORTIS Momentum Oscillators

BUY (2) NEUTRAL (8) SELL (2)
Momentum Oscillators Value Action
RSI 58.95 Neutral
STOCHASTIC_K (Fast) 32.27 Neutral
STOCHASTIC_D (Slow) 50.77 Neutral
CCI 48.97 Neutral
PSAR 427.51 BUY
TRUE RANGE 10.6 Neutral
ATR 12.84 Neutral
WILLIAMS R -41.97 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 19.72 Oversold
MOMENTUM 32 BUY

FORTIS Last 1 Year Trend

Duration Value
1 Year 67.69%
3 Months 5.74%
1 Month 7.78%
1 Week 0.39%

FORTIS Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 60%
NEUTRAL / HOLD 27%
SELL 13%

Most popular Questions & Answers about FORTIS


Fortis Healthcare Ltd. stock last traded price is 445.80. FORTIS share price moved Up by 0.19% from its previous close of Rs 444.95.

Fortis Healthcare Ltd. share price trend is Up with a total of 64331 stocks traded till now. It has touched an intraday high of Rs 475.205 and an intraday low of Rs 445.00. The FORTIS trading at 445.80, Up by Rs. 0.85, or 0.19 percent which suggests that most of the Traders are anticipating that the price of FORTIS share should go Up and the Stop Loss will be around 446.68.

The market cap of Fortis Healthcare Ltd. is ₹19825.2 (in Cr) as of May 14, 2024.

The current price to earning ratio for Fortis Healthcare Ltd. as of May 14, 2024 is 84.73.

The current price to book ratio for Fortis Healthcare Ltd. as of May 14, 2024 is 3.75.

The highest price of Fortis Healthcare Ltd. stock is ₹470.50 in the last 52-week.

The lowest price of Fortis Healthcare Ltd. stock is ₹268.00 in the last 52-week.

Fortis Healthcare Ltd. share trading at ₹445.80, Up by Rs. 0.85, or 0.19 percent which suggests that most of the traders are anticipating that the price of FORTIS share should go Up.

In 2023, Stock price target for Fortis Healthcare Ltd. (FORTIS) are ₹355.1 on downside and ₹472.8 on upside. Fortis Healthcare Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Fortis Healthcare Ltd. (FORTIS) are ₹472.8 on downside and ₹503.7 on upside. Fortis Healthcare Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Fortis Healthcare Ltd. (FORTIS) are ₹503.7 on downside and ₹539 on upside. Fortis Healthcare Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Fortis Healthcare Ltd. (FORTIS) will be around ₹582 Fortis Healthcare Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of FORTIS.

As per the fundamental analysis of Fortis Healthcare Ltd. (FORTIS), it is of Economical quality in terms of earnings and profit margins with an EPS of 1.76. Fortis Healthcare Ltd. book value per share as of today is 118.73. The current price to book ratio for FORTIS as of May 15, 2024 is 3.75.


NSE:FORTIS News & Other Useful Information about FORTIS Share Price


Peer Comparison of NSE: FORTIS

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Hospitals & Medical Services

Company Price EPS BV
BAJAJHCARE 305.30 0 133.23
APOLLOHOSP 5856.85 69.45 481.61
FORTIS 445.80 1.76 118.73
NH 1256.95 17.54 71.84
METROPOLIS 1831.30 24.21 182.71
POLYMED 1677.60 24.87 112.22
THYROCARE 673.20 11.68 97.55
HCG 357.25 2.87 82.24
KOVAI 2576.65 124.42 657.13
SHALBY 270.60 9.22 89.9
Updated at: 15 May 2024 10:11

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