Speaking on Fortis Healthcare share price target in the short term; Sumeet Bagadiya, Executive Director, Choice Broking said, “Fortis Healthcare stock is looking positive on the chart pattern after continuing higher. 260. It may give breakout above soon from 300 Based on 302 Completion. Rakesh Jhunjhunwala’s portfolio stock may go up soon after this breakout 340 in the immediate short term. One can buy this counter at the current market price for a target of one month maintain stop loss at 340 260 per share level.” 260 is expected to act as a strong support and hence any downside in the counter can be a good buying opportunity for the positional investors.
New rally expected in Fortis Healthcare shares; Ravi Singh, Research Head and Vice President, ShareIndia said, “Fortis Healthcare is currently doing business 280 level and it made a high of 303.80 in August this year. Strong fundamentals, strong earnings, better PAT, lowering of liabilities and rising EBITDA are supporting the prices in the upward direction.” Ravi Singh of ShareIndia says Fortis Healthcare stock may remain volatile in coming sessions but its strong support area from 250 260 is expected to remain intact. He advised Fortish Healthcare shareholders to stay on the counter as the stock is likely to give some upward movement in the medium to long term as well.
Rakesh Jhunjhunwala Holding in Fortis Healthcare
As per the Fortis Healthcare shareholding pattern for the July to September 2021 quarter, Rakesh Jhunjhunwala holds 3,19,50,000 shares of the company, which is 4.23 per cent of the total issued capital of the company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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