Fortis Healthcare Ltd (FORTIS)

Fortis Healthcare CEO Urges Unmet Demands to be Addressed in Future Budgets - 24 Jul, 2024

Dr. Ashutosh Raghuvanshi, MD & CEO of Fortis Healthcare Limited, has noted several unmet demands in the current budget related to healthcare and urges them to be considered in future budgets.

Fortis Healthcare Urges Govt to Prioritize Infrastructure; Ex-Dividend Trading Soon - 20 Jul, 2024

Fortis Healthcare's CEO calls for prioritizing healthcare infrastructure and implementing policies conducive to private sector investment. The company is set to trade ex-dividend on July 24, with a dividend payment of ₹1.00 per share on August 31.

Fortis Healthcare Target Price Raised by Analysts - 16 Jul, 2024

Analysts at JM Financial and Nomura have raised their target prices for Fortis Healthcare Ltd. due to the company's improving financial performance and growth prospects in the hospital industry. JM Financial has set a target price of Rs 595 while Nomura has set a target price of Rs 547, both indicating positive sentiment towards the stock.

JM Financial Initiates Coverage on Fortis Healthcare and Other Hospital Stocks - 15 Jul, 2024

JM Financial has initiated coverage on hospital stocks including Fortis Healthcare, with a buy rating and target price of Rs 595. The brokerage firm sees an upside potential of up to 48.5% for Fortis Healthcare, GPT Healthcare, and Max Healthcare.

Fortis Healthcare FY 2024 Results Show Revenue Growth - 14 Jul, 2024

Fortis Healthcare's full-year 2024 results show a revenue increase of 9.5% from the previous year, with net income up by 1.7%. However, profit margin decreased to 8.7%, driven by higher expenses. EPS increased slightly and missed analyst estimates by 1.1%. Looking ahead, revenue is forecasted to grow at an average rate of 12% p.a. for the next three years. The stock has seen a 4.1% increase in value over the past week.

Fortis Healthcare's EBITDA Margin to Improve - 12 Jul, 2024

Fortis Healthcare is expected to improve its EBITDA margin by 280 basis points YoY to 19.2%. However, its diagnostic arm Agilus may face challenges due to weaker brand recognition post-rebranding.

Fortis CEO Urges Govt to Prioritize Healthcare Infrastructure - 09 Jul, 2024

Dr Ashutosh Raghuvanshi, MD and CEO of Fortis Healthcare, has urged the Indian government to prioritize healthcare infrastructure by increasing GDP spending to 2.5% in the upcoming budget. He emphasized that transformative measures are needed to establish India as a global healthcare powerhouse.

Fortis Healthcare to Pay Dividend of Rs 1 per Share - 05 Jul, 2024

Fortis Healthcare Limited has announced a dividend payment of ₹1.00 per share on August 31st, with a yield of 0.2%. The earnings easily cover the dividend and are expected to rise by 116.9% over the next year. With a payout ratio of 5.8%, the sustainability of the dividend is comfortable. Overall, Fortis Healthcare has solid potential as a dividend stock.

Fortis Healthcare Ltd Stock Update - 02 Jul, 2024

Fortis Healthcare Ltd (NSE: FORTIS) is trading at 464.75 INR on the National Stock Exchange (NSE), experiencing a decline of 6.80 INR, or 1.44%, today.