FORTIS

FORTIS

GS on Fortis Buy, TP Rs 295 - 17.08.2021

Raise FY23-24 EPS by upto 13%
Constructive view given
1) Improving mix in hospital occupancy with higher ARPOB
2) B2C push in diagnostics leading to narrow operating metrics gap vs peers 
3) Scope for turning around laggard hospitals