Fortis Healthcare's S’pore assets in focus

Shares of Fortis Healthcare are likely to hog the limelight in the coming days as reports suggest that the company plans to exit the Singapore healthcare business. According to reports, Fortis Healthcare has put up its Singapore assets for sale as part of a push to focus on its domestic business. The company’s Singapore assets are Fortis Surgical Hospital, RadLink-Asia and Singapore Radiopharmaceuticals, which could raise about $150 million.

Liberty Shoes in a tight range

The shareholders of Liberty Shoes have approved the merger of Liberty Retail Revolutions with itself. Post-merger, the company will have 500 exclusive showrooms. The share of Liberty Shoes has been stuck between ₹144 and ₹159 in the last three weeks. The reversal from ₹158 this week has increased the chances of a fall to ₹144. The merger could help the stock break this range. Declines below ₹144 can drag the stock to ₹133, while a close above ₹159 can take it to ₹177.

Buyback ends for Maharashtra Seamless

Shares of Maharashtra Seamless may come under pressure, as the year-long ₹100-crore buyback window closes on Monday. The company had set a maximum price of ₹300 a share for the buyback. Despite the stock hovering in the range of ₹244-153, Maharashtra Seamless could mop up only 32.38 lakh shares till April 3, against the target of 1.76 crore shares. For the quarter ended December, the company posted a profit of ₹20.99 crore and revenues of ₹266.78 crore.

(This article was published on April 4, 2014)
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