After a period of consolidation, Fortis Ltd has broken out of its range, displaying significant bullish momentum, which indicates that buyers are in control. However, the breakout was met with strong selling pressure at higher levels on the daily scale, resulting in a battle between buyers and sellers—a sign of potential momentum exhaustion. Friday’s candlestick … Read more
New Delhi: Fortis Healthcare launched ‘Adayu Mindfulness’, a dedicated vertical for comprehensive mental healthcare, alongwith an exclusive collaboration of United We Care and Adayu. This collaboration will leverage the power of artificial intelligence (AI) to enhance mental well-being and accessibility of care for individuals everywhere, powering it further by Adayu’s trained team of mental health … Read more
Hospital stocks fell up to 11% on Friday, witnessing their second successive decline following the Supreme Court’s diktat on cost rationalisation. The biggest loser on an intraday basis was Max Healthcare Institute which hit the day’s low of Rs 706.45 on the NSE. It was followed by Yatharth Hospital & Trauma Care Services which plunged … Read more
Brokerage Nomura maintained a buy rating on Fortis Healthcare, ICICI Securities initiated a buy on Cello World, Morgan Stanley maintained a positive view on HPCL and Emkay has a positive view on Emami. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on Fortis Healthcare: Buy| Target … Read more
Ace investor Rekha Jhunjhunwala has raised her stakes in smallcap stock D B Realty by 57 basis points to 1.99% in the quarter ended September 30. She has also increased her equity in Fortis Healthcare while slashing it in Federal Bank. Jhunjhunwala held 1.42% in D B Realty at the end of the June quarter. … Read more
The stock of Apollo Hospitals made it to the Nifty-50 index last year. In May this year, Max Healthcare was included in the MSCI India Standard Index. Synopsis Fortis Healthcare and Healthcare Global Enterprises hit a record highs on Tuesday, Apollo Hospitals and KIMS did so last week. All leading listed healthcare players have hit … Read more
The week gone by saw a bunch of prominent block and bulk deals in nearly two dozen companies. The total deal value stood at Rs 10,926 crore with a lion’s share accounting for Amara Raja Batteries. The other prominent names include Kotak Mahindra Bank, HDFC Bank, Reliance Industries and Power Grid Corporation. Sizeable block deals … Read more
Brokerage firm JPMorgan initiated coverage on Apollo Hospitals with an overweight rating, InCred initiated coverage on HEG with an add rating and Jefferies has a buy rating on Dalmia Bharat. Morgan Stanley downgraded Tata Chemicals to equal-weight and maintained an overweight rating on Indigo. We have collated a list of recommendations from top brokerage firms … Read more
BNP Paribas expects Asian equities to outperform developed markets in 2023, but has downgraded its rating on India to “neutral” from “overweight” due to stretched valuations. Within the emerging market pack, BNP Paribas expects India to underperform other markets against the backdrop of the steep up-move seen in 2022. Currently, the BSE Sensex is trading … Read more
Synopsis From a hospital stock, which has been quietly adding number of beds, to a gold loan-focussed lender, five stocks have seen an improvement in analysts’ score on SR plus and their stock prices have also moved higher. This improvement in score along with rise in prices took place amid wild market swings. Does better … Read more