Fortis Healthcare

Fortis has been in news recently as it acquired some 24% stake in the Singapore based hospital.

I bought some Fortis around Jan 12, 2010 when I recommended it in this blog.

I think it is still a good buy for a long term as it is now the largest health care player in the country after this acquisition with a global foot print.

If there is a blip in the share price, please consider to buy it. I do not think there would be any major correction in this stock inspite of such a great move this year. Every time there is a rise in the price it never retreats or goes back. It falls max 1 or 2 Rs from recent highs.

I would keep this for atleast 2 years+ as the healthcare is booming in India. I would keep evaluating on quarterly basis to see if there is any change it.