FORTIS - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 2.8
| Stock Code | FORTIS | Market Cap | 64,614 Cr. | Current Price | 857 ₹ | High / Low | 1,105 ₹ |
| Stock P/E | 349 | Book Value | 122 ₹ | Dividend Yield | 0.12 % | ROCE | 3.27 % |
| ROE | 1.41 % | Face Value | 10.0 ₹ | DMA 50 | 890 ₹ | DMA 200 | 859 ₹ |
| Chg in FII Hold | -0.06 % | Chg in DII Hold | 0.19 % | PAT Qtr | 105 Cr. | PAT Prev Qtr | 38.0 Cr. |
| RSI | 46.0 | MACD | -14.4 | Volume | 13,94,675 | Avg Vol 1Wk | 16,68,105 |
| Low price | 521 ₹ | High price | 1,105 ₹ | PEG Ratio | 2.22 | Debt to equity | 0.22 |
| 52w Index | 57.6 % | Qtr Profit Var | 9.77 % | EPS | 2.31 ₹ | Industry PE | 43.3 |
📊 FORTIS shows weak potential for swing trading. The fundamentals are poor with very high P/E (349 vs industry 43.3), low EPS (2.31 ₹), and weak return ratios (ROCE 3.27%, ROE 1.41%). Dividend yield is negligible at 0.12%. Technically, the stock is trading around its 200 DMA (859 ₹) but below its 50 DMA (890 ₹), showing consolidation with mild weakness. RSI at 46.0 indicates neutral-to-bearish momentum, while MACD (-14.4) confirms short-term weakness. Although quarterly PAT improved from 38 Cr. to 105 Cr., overall valuation and fundamentals limit swing trade potential.
💡 Optimal Entry Price: Around 830–850 ₹ (near support zone close to 200 DMA).
🚪 Exit Strategy: If already holding, consider exiting near 880–900 ₹ (resistance zone around 50 DMA) unless momentum improves significantly.
✅ Positive
- Quarterly PAT improved from 38 Cr. to 105 Cr. (+9.77%).
- DII holdings increased (+0.19%), showing domestic institutional support.
- Stock trading near long-term support (200 DMA).
⚠️ Limitation
- Extremely high P/E ratio (349) compared to industry PE (43.3).
- Weak return ratios: ROCE 3.27% and ROE 1.41%.
- Dividend yield negligible at 0.12%.
- MACD negative (-14.4), signaling bearish momentum.
📉 Company Negative News
- FII holdings decreased (-0.06%), showing reduced foreign investor confidence.
- Valuation significantly higher than industry peers.
📈 Company Positive News
- Quarterly PAT growth shows operational improvement.
- DII holdings increased, reflecting domestic support.
🏭 Industry
- Industry PE at 43.3, much lower than company’s PE (349), highlighting overvaluation.
- Healthcare sector outlook remains positive with rising demand for medical services.
🔎 Conclusion
FORTIS is fundamentally weak and highly overvalued, making it a poor candidate for swing trading despite recent profit growth. Entry around 830–850 ₹ may offer limited opportunity, but exit near 880–900 ₹ is advisable if already holding. Traders should remain cautious due to valuation risks and weak return ratios.