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Fortis nursed itself back from the initial pandemic impact. Can it stay unhurt amid the second wave?


A view of Fortis Hospital during the third phase of Covid-19 vaccination, in Mulund, on April 8, 2021 in Mumbai, India.

Synopsis

Over the last six months, shares of the long-troubled hospital chain have gained more than those of Apollo Hospitals, the leader among listed hospitals. Is this a fleeting phenomenon or an indication of a possible turnaround?

There is something peculiar about Fortis Healthcare. The stock did not run up when Covid-19 was declared a pandemic, nor did it touch 52-week highs during the first wave or even soon after. While shares of other hospital chains such as Apollo Hospitals started to gain momentum from September 2020 onwards, Fortis notably has been a late bloomer. Over the last six months, Apollo Hospitals has moved up by 55% and Fortis Healthcare by 63%. From

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