Fortis Healthcare Rebounds After Seven-Day Decline Amid Broader Market Gains

Fortis Healthcare has shown a notable uptick today, gaining 3.0% on March 18, 2025. This performance marks a significant trend reversal for the stock, which had experienced seven consecutive days of decline prior to this rebound. The stock reached an intraday high of Rs 619.15, reflecting a 3.11% increase at its peak.
In terms of performance metrics, Fortis Healthcare has outperformed its sector by 1.46% today. While the stock is currently trading above its 5-day, 20-day, and 200-day moving averages, it remains below its 50-day and 100-day moving averages, indicating mixed short-term trends.

In the broader market context, the Sensex has also seen positive movement, climbing 434.16 points to reach 75,042.82, a rise of 1.18%. However, the Sensex is trading below its 50-day moving average, which is currently positioned below the 200-day moving average.

Over the past year, Fortis Healthcare has delivered a robust performance, with a 54.07% increase, significantly outpacing the Sensex's 3.18% gain. Despite some fluctuations in the short term, the long-term outlook remains strong, with a remarkable 408.86% increase over the past five years.