Hold Fortis Healthcare With Target Of Rs 250

Hold Fortis Healthcare With Target Of Rs 250Technical analyst Rajesh Tambe of Sunchan Securities has maintained 'hold' rating on Fortis Healthcare Limited stock to achieve a long term target.

The analyst said that the stock can be purchased with a target of Rs 250.

Today, the stock of the company opened at Rs 148.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 187.50 and a low of Rs 113 on BSE.

Current EPS & P/E ratio stood at 2.70 and 55.35 respectively.

Fortis Healthcare announced that it has got hold of operations and organization of Vivekanand Hospital and Research Centre in the state of UP.

The adoption of this 150-bed hospital is in proportion to Fortis' approach to boost its attendance in the country's tier-II cities.

Fortis Healthcare has strengthened its network to 51 hospitals in 13 Indian states.

Situated in Moradabad, Vivekanand Hospital and Research Centre was established under a Trust in the year 1985.

Moreover, Fortis Healthcare has purchased Operations and Management of the 100 bed OP Jindal Hospital in Raigarh in an attempt to offer up better healthcare services in the region.

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