Stocks in News
Fortis Healthcare is a prominent firm engaged in the hospital chain segment. They have now a capacity of 12000 beds in 72 hospitals. The stock price was trading in Rs 150 just months before. Now it is trading in the levels of Rs 90. The main reason is its acquisition of Fortis Healthcare International owned by the promoters of the company. After the announcement, the stock price started to fall. The concern is the valuation of the deal, and how it will beneficial for Fortis Healthcare investors.
Pantaloon Retail is the market leader in the Indian retail industry. Company has over 15 Million Square Feet Retail stores. The stock price of the company was trading in the levels of Rs 345 in last July. Now it is trading in the levels of Rs 130. The uncertainties in the foreign direct Investment in retail was a real concern for the company. The government’s plan to increase the FDI Limit in the retail sector was even opposed by the ruling parties. Congress led central government was under pressure on that matter. Anyway the attempt was frozen by the strong political interferences. Buy in dips is the right strategy in this stock.
Aanjaneya Life Care
It is a pharmaceutical company reported excellent sales in the second quarter FY 2012. It reported a sales turnover of near Rs 110 Cr in the second quarter FY 2012. Its sales turn over in the second quarter FY 2011 was near Rs 80 Cr. About 35% gain can be seen in the sales turn over. It reported a net profit of near Rs 12 Cr in the second quarter FY 2012. Its net profit in the second quarter FY 2011 was near Rs 8 Cr. A growth rate of 46% can be seen in the net profit. The excellent results helped the stock to rally the levels of Rs 510. here
Apollo Hospital Enterprises
Apollo Hospital is an excellent stock from hospital sector. There are a few hospital companies available in India. Company has about 55 hospitals and about 8000 beds. Consistent performance of the company is very attractive. The stock price was trading in the levels of Rs 500. There was news that company was looking for a foreign partner for their pharmacy business. That led the stock to an all time high of Rs 715. The stock is now in the levels of Rs 590.
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