Fortis Malar Hospitals Shows Strong Short-Term Gains Amid Mixed Long-Term Performance

Fortis Malar Hospitals Ltd, a player in the Hospital & Healthcare Services sector, has shown significant activity today, reflecting its ongoing performance trends. The stock has recorded a daily increase of 1.91%, outperforming the Sensex, which rose by 1.40%. Over the past week, Fortis Malar Hospitals has gained 7.31%, again surpassing the Sensex's 5.14% increase.
In terms of longer-term performance, the company has achieved a remarkable 44.98% increase over the past year, significantly outpacing the Sensex's 7.07% growth. Year-to-date, the stock has risen by 13.61%, while the Sensex has seen a slight decline of 0.20%. However, over three years, Fortis Malar Hospitals has lagged behind the Sensex, with a 19.17% increase compared to the index's 35.40% rise.

The stock currently holds a market capitalization of Rs 130.00 crore and has a price-to-earnings (P/E) ratio of 129.88, notably higher than the industry average of 54.49. Technical indicators show a bullish trend in the daily moving averages and weekly Bollinger Bands, while the monthly MACD reflects a mildly bearish outlook.