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Fortis Healthcare Ltd.
Share Price Target & Analysis

NSE:FORTIS

684.96

VWAP

686

Open

680.7

Close

698.7

High

676.55

Low

698.7

52 Week High

685.85 ⇧
5.15 (0.76%)

FORTIS

(HEALTHCARE SERVICES)
96.2% Momentum

Trending & Favourite

363.1

52 Week Low

2.09

EPS

92.16

PE

5.7

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 685.85, this results in a dividend yield of 0.15 %.

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 2.09. NSE:FORTIS book value per share as of today is 120.37. The current price to book ratio for FORTIS as of Nov 23, 2024 is 5.7.

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 54.44% is very crucial parameter which shows that 54.44% investors are anticipating that the price of FORTIS share should go up with VWAP at 684.96.

Now, the main question is whether to BUY or SELL, NSE:FORTIS at current valuation.
As per latest Analysis No. #2234:-

⇑ 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 (Nov 23, 2024)

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

Fortis Healthcare Ltd. share price moved Up by 0.76% from its previous close of Rs 680.7. FORTIS stock last traded price is 685.85. FORTIS share price trend is Up with a total of 3306650 stocks traded till now. It has touched an intraday high of Rs 698.7 and an intraday low of Rs 676.55. The FORTIS trading at 685.85, Up by Rs. 5.15, or 0.76 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 0.76%. FORTIS share price short term trend is Up. It suggests that FORTIS Share Price for Tomorrow remains the same with VWAP at 684.96 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

 685.85

FORTIS Share Price Target Prediction for 2024 ^

 510.7 - 702.2

FORTIS Share Price Target Prediction for 2025*^

 702.2 - 748

FORTIS Share Price Target Prediction for 2026*^

 748 - 800.4

FORTIS Share Price Target Prediction for 2027*^

 840

FORTIS Share Price Target Prediction for 2028*^

 864

FORTIS Share Price Target Prediction for 2030*^

 942
FORTIS Current Book Value 2023
119.8

*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: @639.1

FORTIS Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 629.48 BUY 630.56 BUY
MA_12 624.29 BUY 623.39 BUY
MA_20 614.71 BUY 618.31 BUY
MA_32 609.7 BUY 608.42 BUY
MA_50 601.23 BUY 596.33 BUY
MA_100 561.79 BUY 568.15 BUY
MA_200 495.06 BUY 508.12 BUY

FORTIS Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 614.71 Uptrend
MACD 0.92 BUY
ADX 15.89 NO or Weak Trend
DMI (+/-) 27.74 / 17.99 Uptrend

FORTIS Momentum Oscillators

BUY (2) NEUTRAL (8) SELL (2)
Momentum Oscillators Value Action
RSI 59.33 Neutral
STOCHASTIC_K (Fast) 48.17 Neutral
STOCHASTIC_D (Slow) 47.74 Neutral
CCI 93.14 Neutral
PSAR 598.69 BUY
TRUE RANGE 28.15 SELL
ATR 20.54 SELL
WILLIAMS R -26.09 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 56.19 Neutral
STOCHASTIC RSI D 52.06 Neutral
MOMENTUM 30.25 BUY

FORTIS Last 1 Year Trend

Duration Value
1 Year 78.32%
3 Months 23.59%
1 Month 4.97%
1 Week 2.57%

FORTIS Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 63%
NEUTRAL / HOLD 30%
SELL 7%

Most popular Questions & Answers about FORTIS


Fortis Healthcare Ltd. stock last traded price is 685.85. FORTIS share price moved Up by 0.76% from its previous close of Rs 680.7.

Fortis Healthcare Ltd. share price trend is Up with a total of 3306650 stocks traded till now. It has touched an intraday high of Rs 705.687 and an intraday low of Rs 676.55. The FORTIS trading at 685.85, Up by Rs. 5.15, or 0.76 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 684.96.

The market cap of Fortis Healthcare Ltd. is ₹19825.2 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Fortis Healthcare Ltd. as of Nov 22, 2024 is 92.16.

The current price to book ratio for Fortis Healthcare Ltd. as of Nov 22, 2024 is 5.7.

The highest price of Fortis Healthcare Ltd. stock is ₹698.7 in the last 52-week.

The lowest price of Fortis Healthcare Ltd. stock is ₹363.1 in the last 52-week.

Fortis Healthcare Ltd. share trading at ₹685.85, Up by Rs. 5.15, or 0.76 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 ₹510.7 on downside and ₹702.2 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 ₹702.2 on downside and ₹748 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 ₹748 on downside and ₹800.4 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 ₹864 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.

The price of Fortis Healthcare Ltd. (FORTIS) shares moved by 0.76%. The short-term trend for FORTIS share price is Up. It implies that the share price of FORTIS will stay the same tomorrow and that intraday traders should treat VWAP at 684.96 as a stop loss. Investors with a long-term outlook can track FORTIS long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of FORTIS stock is 25.1. Compared to the current market price of 685.85 INR, the FORTIS stock is Overvalued by 96.3%.

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 2.09. Fortis Healthcare Ltd. book value per share as of today is 120.37. The current price to book ratio for FORTIS as of Nov 23, 2024 is 5.7.


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 391.50 0 88.77
APOLLOHOSP 6902.00 78.1 536.28
FORTIS 685.85 2.09 120.37
NH 1272.20 20.98 90.05
METROPOLIS 2061.85 25.75 201.14
POLYMED 2582.15 28.77 144.18
THYROCARE 956.15 16.77 97
HCG 468.30 2.46 85.3
KOVAI 2576.65 124.42 657.13
SHALBY 215.33 8.8 98.4
Updated at: 22 Nov 2024 15:30

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