Multibagger Story, News

Fortis Healthcare declines on reporting consolidated net loss of Rs 179 crore in Q1

Fortis Healthcare is currently trading at Rs. 133.90, down by 1.90 points or 1.40% from its previous closing of Rs. 135.80 on the BSE.

The scrip opened at Rs. 135.10 and has touched a high and low of Rs. 136.45 and Rs. 133.45 respectively. So far 49416 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 169.00 on 07-Feb-2020 and a 52 week low of Rs. 113.20 on 26-May-2020.

Last one week high and low of the scrip stood at Rs. 140.75 and Rs. 132.20 respectively. The current market cap of the company is Rs. 10105.11 crore.

The promoters holding in the company stood at 31.17%, while Institutions and Non-Institutions held 50.78% and 18.06% respectively.

Fortis Healthcare has reported a fall of 95.78% in its net profit from continuing operation at Rs 19.90 crore for the quarter ended June 30, 2020 as compared to Rs 472.08 crore for the same quarter in the previous year. Total income of the company decreased by 81.97% at Rs 154.11 crore for Q1FY21 as compared Rs 854.73 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss from continuing operation attributed to owners at Rs 178.92 crore for the quarter ended June 30, 2020 against net profit of Rs 67.81 crore for the same quarter in the previous year. Total income of the company decreased by 47.28% at Rs 610.40 crore for Q1FY21 as compared Rs 1,157.87 crore for the corresponding quarter previous year.

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Jindal Steel and Power Recommendation by Prit Patel at 80/82 rs

Stock Name : Jindal Steel and Power

Jindal Steel and Power Limited is an Indian steel and energy company based in Hisar. With turnover of approx. US$ 5.5 billion, JSPL is a part of about US$18 billion diversified Jindal Group conglomerate.

CMP : 80/82 rs

Target : 175/180+++

Holding Time Limit : Medium term 1 Year

Prit Patel SEBI Registration No : INA000010292

  • Without any expert advice, you can’t survive in the market.
  • Many Investors invest his money in the stock market from watching TV advertisements And NewsPapers that’s very risky.
  • No one can learn the stock market in one night. you need many years of experience in the stock market.
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Idea Recommendation by Prit Patel at 3.1/3.2

Stock Name : Idea

Idea is India’s leading telecom service provider of Prepaid, Postpaid, VOLTE, & high speed 4G/3G Internet services & business enterprise solutions.

CMP : 3.1/3.2

Target : 11/11.25

Holding Time Limit : Long term 2 years

Prit Patel SEBI Registration No : INA000010292

  • Without any expert advice, you can’t survive in the market.
  • Many Investors invest his money in the stock market from watching TV advertisements And NewsPapers that’s very risky.
  • No one can learn the stock market in one night. you need many years of experience in the stock market.
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Alok Industries Recommendation by Prit Patel at 4.30/4.5

Stock Name : Alok Industries

Alok Industries is an Indian ISO 9001:2000 certified textile manufacturing company based in Mumbai. Its main business involves weaving, knitting, processing, home textiles, ready made garments and polyester yarns. It exports 26% of its products to over 90 countries in the US, Europe, South America, Asia and Africa.

CMP : 4.30/4.5

Target : 45/50++

Holding Time Limit : Mega multibagger 4 to 5 years

Prit Patel SEBI Registration No : INA000010292

  • Without any expert advice, you can’t survive in the market.
  • Many Investors invest his money in the stock market from watching TV advertisements And NewsPapers that’s very risky.
  • No one can learn the stock market in one night. you need many years of experience in the stock market.
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Manali Petrochemical Recommendation by Prit Patel at 10/10.25

Stock Name : Manali Petrochemical

Manali Petrochemical Ltd. is a petrochemical company based in India. It markets propylene glycol and polyols It is based in Chennai.

CMP : 10/10.25

Target : 17/17.5

Holding Time Limit: Short Term 6 Months

Prit Patel SEBI Registration No: INA000010292

  • Without any expert advice, you can’t survive in the market.
  • Many Investors invest his money in the stock market from watching TV advertisements And NewsPapers that’s very risky.
  • No one can learn the stock market in one night. you need many years of experience in the stock market.
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Tata Communications Recommendation by Prit Patel at 230/232

Stock Name :Tata Communications

Tata Communications Limited is an Indian telecommunications company. It’s part of the Tata Group. Tata’s communications network spans more than 500,000 km of subsea fibre and more than 210,000 km of terrestrial fibre. The company has invested $1.19 billion in its global subsea fibre network.

CMP : 230/232

Target : 625/650++

Holding Time Limit : Medium term 1 year

Prit Patel SEBI Registration No : INA000010292

  • Without any expert advice, you can’t survive in the market.
  • Many Investors invest his money in the stock market from watching TV advertisements And NewsPapers that’s very risky.
  • No one can learn the stock market in one night. you need many years of experience in the stock market.
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Shree Digvijay Cement Company Ltd. Recommendation by Prit Patel at 21/22

Stock Name : Shree Digvijay Cement Company Ltd.

SHREE DIGVIJAY CEMENT CO. LTD We are one of India’s pioneer in manufacturing Cement. We started our operations in India in 1944 at the coastal township of Digvijaygram (Sikka) in Jamnagar District of Gujarat. Since 2019, we are a part of True North formerly known as India Value Fund Advisers (IVFA).

CMP : 21/22

Target : 65

Holding Time Limit : Medium term 1 year

Prit Patel SEBI Registration No : INA000010292

  • Without any expert advice, you can’t survive in the market.
  • Many Investors invest his money in the stock market from watching TV advertisements And NewsPapers that’s very risky.
  • No one can learn the stock market in one night. you need many years of experience in the stock market.
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Amber Enterprises India Recommendation by Prit Patel at 940/945

Stock Name : Amber Enterprises India

Amber Enterprises India Ltd is a prominent solution provider for Air conditioner OEM/ODM Industry in India. It has a dominant presence in RACs complete unit and deals in major RAC components with 10 manufacturing facilities across India focusing in on different product segments.

With expertise in components like heat exchangers, sheet metal components, injection molding components, and system tubing and motors, Amber is strongly positioned with its backward integration to derive the core deliverable’s in terms of quality, cost & delivery.

We offer higher energy efficiency and expertise in indoor, outdoor, split and window AC units. We deal in AC components as well as non-AC components.

CMP : 940/945

Target : Hold

Holding Time Limit : Mega multibagger 4 to 5 years

Prit Patel SEBI Registration No : INA000010292

  • Without any expert advice, you can’t survive in the market.
  • Many Investors invest his money in the stock market from watching TV advertisements And NewsPapers that’s very risky.
  • No one can learn the stock market in one night. you need many years of experience in the stock market.
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irctc Recommendation by Prit Patel at 710/715

Stock Name : Indian Railway Catering and Tourism Corporation

Indian Railway Catering and Tourism Corporation is a subsidiary of the Indian Railways that handles the catering, tourism and online ticketing operations of the latter, with around 5,50,000 to 6,00,000 bookings everyday

CMP : 710/715

Target : 1900/1925

Holding Time Limit : Long term 2 years

Prit Patel SEBI Registration No : INA000010292

  • Without any expert advice, you can’t survive in the market.
  • Many Investors invest his money in the stock market from watching TV advertisements And NewsPapers that’s very risky.
  • No one can learn the stock market in one night. you need many years of experience in the stock market.
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Eveready Industries India Recommendation by Prit Patel at 48.90/49.30

Stock Name : Eveready Industries India

Eveready Industries India Ltd., formerly Union Carbide India Limited, is the flagship company of the B. M. Khaitan Group. The Eveready brand has been present in India since 1905. EIIL’s principal activities are the manufacture and market of batteries, flashlight cases, electrolytic manganese dioxide and arc carbons.

CMP : 48.90/49.30 rs

Target : 105/110

Holding Time Limit : Medium-term 1 Year

Prit Patel SEBI Registration No : INA000010292

  • Without any expert advice, you can’t survive in the market.
  • Many Investors invest his money in the stock market from watching TV advertisements And NewsPapers that’s very risky.
  • No one can learn the stock market in one night. you need many years of experience in the stock market.
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