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UBS Group has acquired shares in 29 companies, including Fortis Healthcare, Max Financial Services, Reliance Industries, Blue Star, and Hyundai Motor India, for a total of Rs 1,938 crore through open market transactions. Notable purchases include Rs 164 crore in Fortis Healthcare and Rs 144 crore in Max Financial Services. Following the acquisitions, shares of Fortis Healthcare, Blue Star, and Reliance Industries experienced declines on the National Stock Exchange.
Fortis Healthcare reported strong financial results for Q2 2024, with significant improvements in operating profit, cash flow, net sales, and profit after tax. The company achieved its highest operating profit to interest ratio in five quarters and generated record operating cash flow of Rs 1,100.10 crore. Despite a low Debtors Turnover Ratio, the overall performance indicates promising growth, leading to a 'Buy' recommendation from MarketsMOJO.
The Competition Commission of India (CCI) has approved Fortis Healthcare's acquisition of an additional 31.52% stake in Agilus Diagnostics, raising its ownership to 89.2% for ₹1,780 crore, enhancing its integrated healthcare model. In a separate decision, CCI also sanctioned the merger of Diliigent Power with DB Power, aiming to streamline operations and strengthen their market position in power generation. These approvals highlight ongoing consolidation in India's healthcare and energy sectors.
Ashish Kyal, CMT and CEO of Waves Strategy Advisors, predicts a challenging start to Samvat 2081, suggesting that Nifty could breach its August low of 23,893 in November, potentially targeting 23,300. For Muhurat trading, he recommends Poly Medicure and Fortis Healthcare, highlighting Poly Medicure's recent breakout and consistent upward trend since October 28.
The Competition Commission of India (CCI) has approved Fortis Healthcare's acquisition of an additional 31.52% stake in Agilus Diagnostics, raising its ownership to 89.2% for ₹1,780 crore, enhancing its diagnostics services. Additionally, the CCI sanctioned the merger of Diliigent Power into DB Power, along with the reorganization of Decore Thermal Power, aimed at streamlining operations in the power generation sector. These approvals reflect ongoing consolidation efforts in India's healthcare and power industries.
The Elective Healthcare Services Market report offers a comprehensive analysis of industry growth, competitor landscapes, and the impact of COVID-19, alongside regulatory dynamics. It highlights key players, market segmentation, and future trends, providing actionable insights for stakeholders to navigate the evolving landscape effectively. The research utilizes both primary and secondary sources to deliver a detailed overview of market opportunities and challenges.
The Elective Healthcare Services market is poised for significant growth from 2024 to 2032, driven by rising disposable incomes, health awareness, and technological advancements. This market encompasses non-emergency medical procedures, including cosmetic surgery and fertility treatments, with key players like Fortis Healthcare and Apollo Hospital leading the sector. Comprehensive analysis covers market dynamics, segmentation, and regional insights, providing a detailed outlook for stakeholders.
Fortis Healthcare Limited
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs group invests rs 1938 crore in 29 companies including reliance and fortis
Indian Rupee
UBS Group AG
One97 Communications Limited
Fortis Healthcare Limited
Max Financial Services Limited
Reliance Industries Ltd
HYUNDAI MOTOR INDIA LTD
Tata Consultancy Services Limited
Blue Star Global, Inc.
Zomato Limited
IND
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23:34 24.01.2025
fortis healthcare reports strong q2 2024 financial performance and growth trends
09:09 18.11.2024
Fortis Healthcare boosts stake in Agilus Diagnostics amid strategic sector consolidation
Indian Rupee
Fortis Healthcare Limited
DB Power (Madhya Pradesh) Ltd.
Decore Thermal Power
Agilus Diagnostics Ltd.
IND
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13:11 05.11.2024
Ashish Kyal recommends Poly Medicure and Fortis Healthcare for Muhurat trading
10:32 01.11.2024
Fortis Healthcare expands diagnostics stake as CCI approves key mergers
Indian Rupee
Agilus Diagnostics Ltd.
Decore Thermal Power
DB Power (Madhya Pradesh) Ltd.
Fortis Healthcare Limited
IND
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07:41 01.11.2024
elective healthcare services market poised for substantial growth through 2032
Tata Memorial Hospital
IHH Healthcare Berhad
Apollo Hospitals Enterprise Limited
Ramsay Generale de Sante
Fortis Healthcare Limited
Shanghai Redleaf International Women's & Children's Hospital
Tata Memorial Hospital
IHH Healthcare Berhad
Apollo Hospital
Fortis Healthcare
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11:54 30.10.2024
elective healthcare services market poised for significant growth through 2032
United States Dollar
Fortis Healthcare Limited
Fresenius Medical Care AG
Guizhou Ensure Chain Pharmacy Company Limited
Ramsay Generale de Sante
PillPack
Tata Memorial Hospital
Apollo Hospitals Enterprise Limited
Capio Ab (Publ)
IHH Healthcare Berhad
Luye Medical Group
Moorfields Eye Hospital
GBR
IND
FRA
USA
IHH Healthcare Berhad
Shanghai Redleaf International Women's & Children's Hospital
Apollo Hospital
Fortis Healthcare
Tata Memorial Hospital
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12:58 24.10.2024
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