Fortis Healthcare surges on plans to raise $400 million via IPO in Singapore

Fortis Healthcare Ltd. | Hospital & Healthcare Services | Healthcare | BSE: 532843 | NSE: FORTIS

02 Mar 2012 Evaluate

Fortis Healthcare is currently trading at Rs. 109.65, up by 1.10 points or 1.01% from its previous closing of Rs. 108.55 on the BSE.

The scrip opened at Rs. 110.00 and has touched a high and low of Rs. 110.65 and Rs. 109.10 respectively. So far 26165 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 171.50 on 27-Jul-2011 and a 52 week low of Rs. 81.00 on 28-Dec-2011.

Last one week high and low of the scrip stood at Rs. 111.00 and Rs. 104.10 respectively. The current market cap of the company is Rs. 4446.82 crore.

The promoters holding in the company stood at 81.48% while Institutions and Non-Institutions held 6.13% and 12.39% respectively.

India’s second-biggest hospital, Fortis Healthcare India, is planning to raise about $400 million in an initial public offering (IPO) in Singapore later this year. The company is seeking to list as a business trust that will be backed by the assets of its Indian hospitals. A business trust typically pays out a bigger proportion of its income as dividends than a regular company. Standard Chartered, Citigroup, and Religare Capital Markets will be managing the issue.

The company for the quarter ended December 31, 2011 has posted a fall of 39.32% in its net profit to Rs 25.93 crore as compared to Rs 42.73 crore for the same quarter in the previous year. However, total income has increased by 10.25% to Rs 122.11 crore for quarter under review as compared to Rs 110.76 crore for the quarter ended December 31, 2010.

On the consolidated basis, the company has posted a drop of 15.19% in its net profit attributable to the shareholders at Rs 29.26 crore for the quarter ended December 31, 2011 as compared to Rs 34.50 crore for the same quarter in the previous year. However, total income has increased by 60.98% at Rs 657.39 crore for the quarter under review as compared to Rs 408.36 crore year ago.

Fortis Healthcare Share Price

952.10 4.60 (0.49%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Apollo Hospital Ent.	8094.85
Max Healthcare Inst	1012.35
Narayana Hrudayalay	1819.75
Aster DM Healthcare	742.40
Global Health	1200.60
View more..

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