Rakesh Jhunjhunwala raises stake in Fortis Healthcare
Shares of the company advanced 4% to 208.75 on Tuesday, while the benchmark BSE Sensex settled 286 points, or 0.59%, down at 48,257.
Ace stock picker Rakesh Jhunjhunwala has increased his stake in Fortis Healthcare by adding 25.50 lakh shares of the company in the March quarter of the financial year 2021.
The latest shareholding data showed that big bull held 3,25,50,000 shares, or 4.31% stake, in Fortis Healthcare at the end of the March quarter. Jhunjhunwala together with his wife held 3 crore shares of the company (Jhunjhunwala held 1,35,50,000 shares and his wife held 1,64,50,000 shares of Fortis Healthcare) in the previous quarter.
Apart from Jhunjhunwala, mutual funds also raised their stake in the company to 9,24,68,105 shares (12.25% stake) in Q4 from 8,11,14,159 shares (10.74% ) in Q3.
Foreign portfolio investors (FPIs), however, reduced their stake to 25,98,43,083 shares (34.42% stake) in the March quarter against 27,80,19,996 shares (36.83% stake) in the December quarter.
Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care speciality and hospitals, with a healthcare network spanning various countries.
Shares of the company advanced 4% to 208.75 on Tuesday, while the benchmark BSE Sensex settled 286 points, or 0.59%, down at 48,257.