Bullish Breakout In Fortis Healthcare? SEBI Analyst Gaurav Puri Sees Target Up to ₹770

Fortis Healthcare is showing signs of a bullish breakout with upside potential toward ₹770, supported by both strong technical indicators and an encouraging business outlook, according to SEBI-registered analyst Gaurav Narendra Puri.

Puri has set a one-month price target range of ₹735–₹770 with a stop-loss at ₹697, noting that the stock is emerging from a rectangle consolidation pattern on the daily chart. 

At the time of writing, Fortis Healthcare shares were trading at ₹715.00, up 0.74% on the day

He cited a strong bounce from the 20-day exponential moving average (EMA) and rising volumes as indicators of renewed momentum, while the Relative Strength Index (RSI) at 62 signals ongoing bullish sentiment.

From a fundamental perspective, Puri highlighted Fortis’s improving book value over the past three years, a low price-to-intrinsic value ratio of 0.363, and a healthy return on equity of 12.48%.

The analyst's technical and valuation-based optimism is further bolstered by Fortis’s strong FY26 guidance. 

The hospital segment is expected to deliver 14%–15% revenue growth, aided by a 5–6% increase in ARPOBs (Average Revenue Per Occupied Bed), and margin expansion of 150–200 basis points. 

Meanwhile, the diagnostics business is projected to deliver double-digit revenue growth, with core profit margins on net revenue forecasted at 23% and potential to reach 25% in the coming years.

On Stocktwits, retail sentiment was ‘bullish’ amid ‘high’ message volume.

The stock has risen 1.9% so far in 2025.

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