Moneycontrol
Last Updated : Jan 01, 2018 03:09 PM IST | Source: CNBC-TV18

Buy Fortis Healthcare on dips: Rajesh Agarwal

Rajesh Agarwal of Aum Capital is of the view that one may buy Fortis Healthcare on dips.

CNBC TV18 @moneycontrolcom

Rajesh Agarwal of Aum Capital told CNBC-TV18, "I think Healthcare as a sector is going to do well in coming quarters. Not only quarters, but coming years I would say it would do well because of various reasons, because of the kind of focus medical insurance are giving towards educating people about medical insurance and that would give boost to organised healthcare players."

"Secondly, there are various foreign tourist coming here for medical tourism like nearby countries from Bangladesh and all. As far as Fortis Healthcare is concerned this is a very sound company with 4000 beds operating in 14 state. Average revenue per bed is higher than other listed players. They are planning for a demerger of SRL which is again going to unlock value. They are into litigations and all that is the only reason which the stock is quoting at such kind of valuation, but for a long term player I think this is a good opportunity to accumulate."

"If not in this I would say Narayana Hrudayalaya would be another stock where one can have a look on in if one is insisting on healthcare sector only. I would say hold on to your stock, if you have a lower risk appetite you can keep a stop loss of maybe 10 percent down from the current market price but for the longer term horizon I would say every fall should be taken as an opportunity to add to this stock," he added.
First Published on Jan 1, 2018 03:08 pm
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