Fortis Healthcare Ltd

(FORTIS)

Fortis Healthcare Reports Strong Q1FY25 Growth - 12 Sep, 2024

Fortis Healthcare shares rose 1% to Rs. 572.40. Aster DM Healthcare reported a 12.16% YoY revenue growth in Q1FY25, reaching Rs. 1,859 Crores, with profits increasing from Rs. 124 Crores to Rs. 174 Crores.

Fortis Healthcare Shares Rise on GST Cut Announcement - 10 Sep, 2024

Shares of Fortis Healthcare increased by 3% to Rs 563.55 following the Finance Minister's announcement to reduce GST on cancer drugs from 12% to 5%.

Fortis to Boost Stake in Agilus Diagnostics - 04 Sep, 2024

Fortis Healthcare plans to acquire an additional 31.8% stake in Agilus Diagnostics for ₹1,778 crore, increasing its ownership to approximately 88%. The acquisition will be funded through non-convertible debentures, following a put option exercise by private equity investors.

Fortis Healthcare Reaches 52-Week High on Acquisition News - 02 Sep, 2024

Fortis Healthcare's stock surged to a 52-week high of Rs 565.65 after announcing plans to acquire a 31.52% stake in Agilus Diagnostics. The acquisition will be funded through Non-Convertible Debentures. The company reported a 40.4% increase in Q1FY25 net profit, indicating strong financial performance.

Fortis Healthcare Stock Hits Record High Amid Strong Trading - 30 Aug, 2024

Fortis Healthcare's stock surged to an all-time high of Rs 563 on August 30, 2024, driven by heavy trading volumes and positive financial performance. The board is also set to discuss a share buyback and fundraising proposal.

Fortis Hospital Launches Self-Defence Training for Female Staff - 29 Aug, 2024

Fortis Hospital in Delhi has initiated a week-long self-defence training program for its female medical staff, training over 600 members in response to a recent incident. The program includes various self-defence techniques and has been positively received by participants eager to enhance their safety.

Fortis Hospital Launches Self-Defense Training for Staff - 28 Aug, 2024

Fortis Hospital Shalimar Bagh, in collaboration with Delhi Police, has initiated a seven-day self-defense training program for female medical staff to enhance their safety and empowerment following a tragic incident involving a trainee doctor.

Fortis Healthcare Reports Growth and Buy Recommendation - 27 Aug, 2024

HDFC Securities recommends buying Fortis Healthcare with a target price of Rs 646. The company reported a 4.25% increase in total income and a net profit of Rs 173.39 crore for the latest quarter.

Fortis Healthcare Reports Strong Revenue Growth - 25 Aug, 2024

Fortis Healthcare reported a 12.2% increase in revenue to Rs 1,859 crore, driven by significant growth in cardiac sciences and oncology services. The company is enhancing its service offerings, focusing on complex and specialized procedures that command higher prices.

Political Crisis in Bangladesh Affects Fortis Healthcare - 23 Aug, 2024

The political turmoil in Bangladesh has led to a significant decline in medical tourism for Fortis Healthcare, with patient visits dropping by up to 50%. The company remains hopeful for recovery as the situation stabilizes.