FORTIS - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.7
| Stock Code | FORTIS | Market Cap | 73,759 Cr. | Current Price | 977 ₹ | High / Low | 1,105 ₹ |
| Stock P/E | 362 | Book Value | 122 ₹ | Dividend Yield | 0.10 % | ROCE | 3.96 % |
| ROE | 2.23 % | Face Value | 10.0 ₹ | DMA 50 | 943 ₹ | DMA 200 | 895 ₹ |
| Chg in FII Hold | -1.86 % | Chg in DII Hold | 2.02 % | PAT Qtr | 33.0 Cr. | PAT Prev Qtr | 24.7 Cr. |
| RSI | 51.8 | MACD | 7.23 | Volume | 12,63,181 | Avg Vol 1Wk | 16,82,600 |
| Low price | 741 ₹ | High price | 1,105 ₹ | PEG Ratio | 6.52 | Debt to equity | 0.23 |
| 52w Index | 64.8 % | Qtr Profit Var | 382 % | EPS | 3.05 ₹ | Industry PE | 46.3 |
📊 FORTIS is a weak intraday candidate today. Fundamentals are poor with ROCE (3.96%) and ROE (2.23%), while valuations are extremely stretched (P/E 362 vs industry 46.3). Momentum indicators show mild bias: RSI at 51.8 and MACD positive at 7.23, but volume (12,63,181) is below weekly average (16,82,600), limiting conviction. Price is trading above both 50 DMA (943 ₹) and 200 DMA (895 ₹), showing technical support, but earnings strength remains weak despite sequential PAT recovery.
💡 Optimal Buy Price (if trading intraday): 965–980 ₹ (near support at 943 ₹ DMA 50).
🎯 Potential Exit Levels: Profit-taking around 995–1,020 ₹; Stop-loss near 950 ₹.
⏱ If already holding intraday: Exit if RSI falls below 50, MACD momentum fades, or price fails to sustain above 977 ₹ with declining volume.
Positive
- 📊 EPS at 3.05 ₹ provides earnings base.
- 📈 PAT improved to 33 Cr. from 24.7 Cr. (+382%).
- ✅ Price trading above both 50 DMA and 200 DMA, confirming short-term support.
- 📈 DII holdings increased (+2.02%), showing domestic institutional confidence.
Limitation
- ⚠️ Extremely high P/E (362) compared to industry average (46.3).
- 📉 Weak ROCE (3.96%) and ROE (2.23%).
- 📊 PEG ratio at 6.52 indicates stretched valuation relative to growth.
- 📉 Dividend yield negligible at 0.10%.
- 📉 Volume below weekly average, limiting breakout potential.
Company Negative News
- ❌ FII holdings decreased (-1.86%), showing foreign investor caution.
- 📉 Weak profitability metrics despite PAT recovery.
Company Positive News
- ✅ PAT growth (+382%) quarter-on-quarter.
- 📈 DII inflows (+2.02%) show domestic support.
Industry
- 🏭 Industry PE at 46.3, far lower than FORTIS’s 362, highlighting extreme overvaluation.
- 📊 Healthcare sector momentum remains strong, supported by rising demand for medical services.
Conclusion
⚠️ FORTIS is not an ideal intraday candidate today. Entry near 965–980 ₹ with exit around 995–1,020 ₹ is possible, but fundamentals are weak and valuations severely stretched. Traders should treat this as a speculative momentum play only, with strict stop-loss discipline and cautious profit booking near resistance levels.
Would you like me to extend this into a swing trade projection with sector overlays and peer benchmarking, or refine it into a momentum-based intraday exit plan?