Fortis gains on Rs 250cr investment plans

The stock soared to a high of Rs 136 and finally ended at Rs 134, up 4% from its previous close. The counter clocked volumes of 1.75 million shares as compared to the two-week daily average traded volumes of 466,405 shares on the BSE. ______________________________________________________

(Updated at 1129hrs)

Fortis Healthcare has gained in trades this morning following reports of a likely investment of Rs 250 crore.

The stock opened at Rs 131 and gained 4% to touch a new 52 week high of Rs 134. The stock is now up 3.5% at Rs 133. The stock has surged 11% in the past week.

The counter has witnessed  relatively heavy trade volumes of 708,642 shares as against the two week daily average trade of 466,405 shares on the BSE.

The company has planned to spend over Rs 250 crore in the next fiscal to expand its facilities in three metro cities - Mumbai, Kolkata and Bangalore.