FORTIS HEALTHCARE - REPEAT

I have recommended a BUY on Fortis Healthcare @ Rs.138 which is currently trading @ Rs.162/-.Company is showing steady growth and planning aggressive expansion plans. Currently company having a network of 56 hospitals and posted a net profit of Rs.1418.10 million for the year ended March 31, 2011 as compared to Rs 301.40 million for the same period last year. EPS is Rs.3.23. A good scrip for steady return for low risk takers.CMP is Rs.162/-

FORTIS HEALTHCARE -BUY

Considering the huge potential of the Industry ,capable and experienced management with aggressive growth plans through inorganic route ,Fortis Health care id a decent BUY at CMP of Rs.138/-. Even if ,expansion in equity is a concern in short term ,groups efficiency to utilize the same very effectively is giving confidence in its long term prospects.