Fortis Healthcare at new high

Fortis Healthcare had hit a new 52-week high yesterday at Rs.206.40 and today too, it hit a new high at Rs.208 though it has come off the highs and just about seems to be holding on to the green, up less than 0.5%.

Yesterday, Standard Chartered (Stanchart) sold off 1.41% stake in the company for over Rs.139 crore in the open market.

The bulk deal data on the BSE website shows that Stanchart PE (Mauritius) III sold a total of 72,04,455 shares at an average price of Rs.190.66/share. There is no word yet on who the buyer was.

Stanchart, as at 31^st March 2017 held a 3.05% stake in Fortis.