The stock of Fortis Healthcare has turned volatile a day after the promoters Malvinder Mohan Singh and Shivinder Mohan Singh announced late on Thursday their decision to resign from the board of the hospital chain.
The stock opened 2% lower at Rs 123 on BSE, bouncing back 28% to hit high of Rs 157 in intra-day trade so far on back of heavy volumes.
At 09:48 AM; it was trading 16.5% higher at Rs 147, as against 1.4% decline in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 23.58 million
The stock opened 2% lower at Rs 123 on BSE, bouncing back 28% to hit high of Rs 157 in intra-day trade so far on back of heavy volumes.
At 09:48 AM; it was trading 16.5% higher at Rs 147, as against 1.4% decline in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 23.58 million