Fortis Healthcare Experiences Trend Reversal Amid Recent Volatility in Healthcare Sector

Jan 29 2025 09:45 AM IST
share
Share Via
Fortis Healthcare experienced a notable performance on January 29, 2025, reversing a three-day decline with a significant gain. The stock outperformed its sector and the broader market, despite a recent monthly decline. Its current position relative to moving averages indicates mixed short-term momentum within the Hospital & Healthcare Services industry.
Fortis Healthcare has shown notable activity today, gaining 3.87% on January 29, 2025. This performance marks a trend reversal for the stock, which had experienced three consecutive days of decline prior to today. The stock outperformed its sector by 2.83%, indicating a positive shift in its market position.

During the trading session, Fortis Healthcare reached an intraday high of Rs 599.95, reflecting a 3.43% increase at its peak. An analysis of moving averages reveals that the stock is currently above its 200-day moving average, yet remains below the 5-day, 20-day, 50-day, and 100-day moving averages, suggesting mixed short-term momentum.

In terms of broader market performance, Fortis Healthcare's one-day gain of 3.92% significantly outpaced the Sensex, which rose by only 0.36%. However, over the past month, Fortis Healthcare has seen a decline of 11.64%, compared to a smaller drop of 3.20% in the Sensex. This performance highlights the stock's recent volatility within the Hospital & Healthcare Services industry.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News