Buy Fortis Healthcare; target of Rs 173: IIFL

16963 Investors following Fortis Health. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Fortis Healthcare; target of Rs 173: IIFL

IIFL is bullish on Fortis Healthcare and has recommended buy rating on the stock with a target of Rs 173 in its July 13, 2011 research report.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Hold HDFC; target of Rs 730: Sharekhan Sell IDBI Bank July 140 Call between Rs 1-1.30: IIFL Buy IFCI; target of Rs 80: KRChoksey ALSO READ See previous views by IIFL See what other Experts & Brokerages are saying about Fortis Health See messages about Fortis Health Fortis Health BSE | NSE 01/06/12 Are Mutual Funds betting on Fortis Health?

IIFL is bullish on Fortis Healthcare and has recommended buy rating on the stock with a target of Rs 173 in its July 13, 2011 research report.

"Fortis Healthcare (on the daily chart) has given an upside breakout, considered to be an important bullish signal. The stock is poised for further gains in the next few trading sessions. The undertone is reasonably strong and is likely to push price higher. After consolidating in the range of Rs 160-165 for last five trading sessions, the stock closed above the peak of its trading range of Rs 640 last week. The upside breakout is well accompanied with decent volumes. Based on above mentioned technical evidences, we recommend traders to buy the stock above Rs 167 with stop loss of Rs 164 for target of Rs 173," says IIFL research report.

Public holding more than 90% in Indian cos

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment