Veteran investor Rakesh Jhunjhunwala increased his stake in Fortis Healthcare in the last quarter of January-March 2021 of the last financial year. According to the BSE filing, he owned 3.25 crore shares (4.31 per cent stake) of Fortis Healthcare at the end of the March 2021 quarter. Earlier in the quarter October-December 2020, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala had 3 crore shares (3.97 per cent stake) of which Rakesh Jhunjhunwala had 1.35 crore shares and Rekha Jhunjhunwala had 1.64 crore shares. This year, in 2021, shares of Fortis Healthcare have risen by 29 per cent.
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MFs increased stake, FPIs reduced
Mutual funds also increased their stake in the healthcare company in the March 2021 quarter. The share of mutual funds in the healthcare company was 10.74 per cent (8.11 lakh shares) in the December 2020 quarter, which increased to 12.25 per cent (9.24 million shares) in the March 2021 quarter. Mutual fund institutions such as ICICI Prudential Midcap Fund, Aditya Birla Sun Life Trustee Private Limited and Nippon Life India Trustee Limited have increased their stake in the healthcare company.
However, Foreign Institutional Investors (FPIs) reduced their stake in Fortis Healthcare in the March 2021 quarter as compared to the December 2020 quarter. Their share in the December quarter was 36.83 per cent (27.80 lakh shares), which declined to 34.42 per cent (25.98 crore shares) in the March quarter. FPIs include Aberdeen Global Indian Equity, UBS Principal Capital Asia, Jupiter India Fund, York Asian Strategic Metric Master LP, York Asian Bridge Capital Master Fund First Limited and Goldman Sox (Singapore).
Fortis Healthcare up by 29% in 2021
Earlier this month, the share price of Fortis Healthcare reached a record level of 52 weeks. The price per share reached Rs 227.20 on the BSE. About a year ago on 26 May 2020, its shares were at a record low of Rs 113.20 for a 52-week record. Talking about 2021 this year, shares of Fortis Healthcare have gone up by 29 per cent. Its shares were priced at Rs 155.85 as on 1 January 2021. Its shares rose 27.68 percent in the January-March 2021 quarter. Fortis Healthcare shares closed at Rs 200.75 per share a business day ago and have a market cap of Rs 15155.78 crore.
(Article: Surbhi Jain)