Fortis Healthcare Share Price Target Tomorrow 2024 To 2030 and More Details

Fortis Healthcare Ltd is one of India’s leading healthcare service providers, offering world-class medical care across a network of multi-specialty hospitals. The company is known for its advanced infrastructure, skilled medical professionals, and patient-centric approach. Fortis provides a wide range of healthcare services, including cardiology, oncology, neurology, orthopedics, and critical care, catering to diverse patient needs. Fortis Healthcare Share Price on NSE as of 20 December 2024 is 674.95 INR. Here will provide you more details on Fortis Healthcare Share Price Target 2024, 2025, 2026 to 2030.

Fortis Healthcare Ltd: Market Overview

• Open: ₹681.80
• High: ₹683.55
• Low: ₹666.00
• Previous Close: ₹677.85
• Volume: 1,065,409
• Value (Lacs): ₹7,221.87
• VWAP: ₹679.04
• P/E ratio: 77.75
• UC Limit: ₹813.40
• LC Limit: ₹542.30
• 52 Week High: ₹740.35
• 52 Week Low: ₹375.05
• Mkt Cap: ₹51,174Cr
• Face Value: ₹10

Fortis Healthcare Ltd Competitors

As of December 2024, Fortis Healthcare Ltd has a market capitalization of approximately ₹51,186 crore.

Here are five peer companies in the Indian healthcare sector, along with their market capitalizations:

1. Max Healthcare Institute Ltd: Market cap of ₹1,14,814 crore.
2. Apollo Hospitals Enterprise Ltd: Market cap of ₹1,04,827 crore.
3. Syngene International Ltd: Market cap of ₹34,203 crore.
4. Global Health Ltd (Medanta): Market cap of ₹30,239 crore.

5. Narayana Hrudayalaya Ltd: Market cap of ₹26,287 crore.

Fortis Healthcare Share Price Chart

Fortis Healthcare Share Price Target Tomorrow 2024 To 2030

Fortis Healthcare Share Price Target 2024

Fortis Healthcare share price target 2024 Expected target could be ₹745. Here are 4 Fortis Healthcare’s share price target for 2024 is influenced by several key factors:

1. Expansion of Healthcare Facilities: The commencement of operations at Fortis Hospital in Manesar, Gurugram, a 350-bed facility offering a comprehensive range of clinical services, is expected to enhance patient capacity and revenue streams.
2. Financial Performance: In FY24, Fortis reported a 9.5% increase in consolidated revenues to ₹6,893 crore, with the hospital business contributing significantly through an 11.3% revenue growth to ₹5,686 crore.
3. Technological Advancements: The introduction of advanced medical technologies, such as the MR LINAC at Fortis Memorial in Gurugram—the first of its kind in North and Central India—demonstrates the company’s commitment to enhancing treatment capabilities and attracting a broader patient base.

4. Market Sentiment and Projections: Analyst projections indicate a positive outlook for Fortis Healthcare’s share price, with targets suggesting potential growth, reflecting investor confidence in the company’s strategic initiatives and market position.

Fortis Healthcare Share Price Target 2025

Fortis Healthcare share price target 2025 Expected target could be ₹970. Here are 4 Fortis Healthcare’s share price target for 2025 is influenced by several key factors:

• Expansion of Healthcare Network: Fortis Healthcare is likely to benefit from its strategy of expanding its network of hospitals and diagnostics centers across India, tapping into growing healthcare demand in both metro and tier-2 cities.
• Focus on Specialized Treatments: The company’s emphasis on high-value specialized services such as oncology, cardiology, and organ transplants can boost revenue per patient and attract a premium segment of customers.
• Government Healthcare Initiatives: Increased healthcare spending and government initiatives like Ayushman Bharat could provide additional patient volumes, particularly in semi-urban and rural areas.

• Operational Efficiency: Ongoing cost optimization measures, coupled with advancements in technology for patient care, could improve margins, enhancing profitability and investor confidence.

Fortis Healthcare Share Price Target 2030

Fortis Healthcare share price target 2030 Expected target could be ₹2090. Here are 4 Risks and Challenges for “Fortis Healthcare Share Price Target 2030”:

• Regulatory Pressures: Healthcare regulations, including price caps on treatments and medical devices by the government, could limit revenue growth and affect profitability over the long term.
• Rising Competition: The increasing presence of domestic and international hospital chains in India might create competitive pricing pressures and challenge Fortis Healthcare’s market share.
• Economic Fluctuations: Economic downturns or slower income growth among the population could reduce discretionary spending on high-end treatments, impacting revenue streams.

• Operational and Workforce Challenges: The healthcare industry’s dependence on skilled professionals may lead to higher costs and workforce shortages, which could affect service quality and scalability.

Shareholding Pattern For Fortis Healthcare Ltd

• Promoters: 31.17%
• Mutual Funds: 27.23%
• FII: 25.26%
• Retail and Others: 12.84%
• DII: 3.51%

Fortis Healthcare Ltd Financials

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