Fortis Health in limelight

Fortis Healthcare is back in the news and this time it is none other than Rakesh Jhunjhunwala whi has set the stock price soaring. Amongst the top gainers on the BSE, it rose over 5.5% at Rs.149.95  and continues to remain very firmly in the green.

Any listed stock always reacts like this when Jhujhunwala buys into it. This time, through his wife, Rekha Jhunjhunwala, he has bought 45 lakh shares in the company, which is 0.87%. These shares he purchased from the open market at an average price of Rs.134.65/share.

This news was followed by another – FII Goldman Sachs published a report stating that it has initiated coverage on the stock. It has given a “buy” call and given a target price of Rs.190.