Fortis Malar Hospitals Hits 52-Week High, Outperforms Sector and Sensex

Apr 22 2024 09:36 AM IST
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Fortis Malar Hospitals, a leading healthcare service provider in India, has seen a significant increase in its stock price, reaching a 52-week high on April 22, 2024. The stock has outperformed the sector by 9.54% and gained 93.06% in the last 6 days. Despite a 'Strong Sell' call from MarketsMojo, the stock is currently trading above its moving averages, indicating a positive trend. With a remarkable 124.88% increase in stock price in the past year, Fortis Malar Hospitals showcases strong financials and growth potential in the healthcare industry.

Fortis Malar Hospitals, a leading healthcare service provider in India, has recently hit a 52-week high on April 22, 2024. The stock has been performing exceptionally well, outperforming the sector by 9.54% and gaining 93.06% in the last 6 days. Today, the stock opened with a gain of 10% and touched an intraday high of Rs. 107.94.

According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Strong Sell' call. However, the stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

In the past year, Fortis Malar Hospitals has shown a remarkable performance with a 124.88% increase in its stock price, while the Sensex has only seen a 23.08% growth. This showcases the company's strong financials and growth potential in the healthcare industry.

Fortis Malar Hospitals, a microcap company, has been providing quality healthcare services to the Indian population for many years. With its recent surge in stock price and positive performance, it is definitely a company to watch out for in the healthcare sector.
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