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Shares of Fortis Group companies such as Fortis Healthcare and Fortis Malar Hospitals have rallied by 10% each on the Bombay Stock Exchange (BSE) on back of heavy volumes.
Fortis Healthcare has surged 10% to Rs 159 on back of nearly five-fold jump in trading volumes. The stock opened at Rs 145 and touched a 52-week high of Rs 169 on BSE.
A combined 9.2 million shares have already changed hands on the counter till 1353 hours against an average sub 2 million shares that were traded daily in past two weeks on NSE and BSE.
The stock has rallied 37% in past one month from Rs 116 after investor Rakesh Jhunjhunwala bought nearly one percentage point stake in the company via a bulk deal.
On February 11, Rakesh Jhunjhunwala acquired 3.48 million shares representing 0.75% stake of Fortis Healthcare at a price of Rs 119.35 on BSE, according to exchange data.
Meanwhile, shares of Fortis Malar Hospitals is locked in upper circuit of 10% at Rs 58.20 on BSE. Around 72,000 shares changed hands so far and there are pending buy orders for 29,221 shares on BSE.
Fortis Healthcare has surged 10% to Rs 159 on back of nearly five-fold jump in trading volumes. The stock opened at Rs 145 and touched a 52-week high of Rs 169 on BSE.
A combined 9.2 million shares have already changed hands on the counter till 1353 hours against an average sub 2 million shares that were traded daily in past two weeks on NSE and BSE.
The stock has rallied 37% in past one month from Rs 116 after investor Rakesh Jhunjhunwala bought nearly one percentage point stake in the company via a bulk deal.
On February 11, Rakesh Jhunjhunwala acquired 3.48 million shares representing 0.75% stake of Fortis Healthcare at a price of Rs 119.35 on BSE, according to exchange data.
Meanwhile, shares of Fortis Malar Hospitals is locked in upper circuit of 10% at Rs 58.20 on BSE. Around 72,000 shares changed hands so far and there are pending buy orders for 29,221 shares on BSE.
