Down 25% in 3 months, but market expert Sumeet Bagadia sees recovery, gains in Fortis - Check target price, stop-loss
Fortis Healthcare shares have suffered a sharp correction over 34% after climbing to around ₹1,100 in October 2025, and over 25% in 3 months, but the decline could be setting up a potential technical rebound.
Choice Equity Broking's Sumeet Bagadia sees buying interest emerging near a crucial support zone around ₹750, with the stock's technical indicators suggesting that selling pressure may be approaching an extreme.
Choice has recommended buying Fortis shares at ₹794, with a target price of ₹892 and a stop-loss at ₹745.
“After peaking around ₹1,100 in late 2025, the stock underwent a significant correction and has now approached a crucial horizontal demand zone of ₹750. This zone presents an important support base for stabilization and a potential recovery towards higher levels.” Choice Equity Broking said in its research report.
The healthcare stock declined around 2% to hit its 52-week low of ₹723.40 today. It is now down over 34% from its 52-week high of ₹1,101.40, hit in October last year.
It has been under pressure in recent times, down 3.5% in 1 week, 19% in 1 month, 25% in 3 months, and 34% in the last 1 year.
However, it has given multibagger returns in the last 5 years, soaring 173%.
Fortis has corrected substantially from its late-2025 peak, however, Choice believes buying interest near this level could help the stock stabilise and attempt a recovery.
As per Choice, the momentum indicator was approaching oversold territory, suggesting that the stock had experienced considerable selling pressure. While an oversold reading does not guarantee an immediate reversal, it can indicate the possibility of a technical rebound if buying interest returns.
“The momentum indicator also signals the possibility of a recovery, with the Relative Strength Index (RSI) at 31.71, nearing the oversold territory. The RSI level, combined with the stock's proximity to the crucial demand zone, indicates scope for a technical rebound as buying interest improves.” Choice Equity Broking said.
If the stock stabilises around ₹750 and buying interest strengthens, it could attempt to move towards higher levels. Conversely, a breakdown below this area would weaken the technical recovery thesis, making the prescribed stop-loss important for traders, added the brokerage.
Choice Equity Broking has recommended Fortis shares at ₹794 for positional trading, with a target price of ₹892 and a stop-loss at ₹745. The brokerage's stated trade duration is one month.
At the recommended entry price of ₹794, the target of ₹892 implies a potential gain of ₹98 per share, or approximately 12.3%. The stop-loss at ₹745 represents a potential loss of ₹49 per share, or around 6.2%.
Choice's report reiterated that the stock was showing signs of stabilisation near the ₹750 demand zone and that sustained buying from this area could support a move towards the target.
“For positional traders, FORTIS can be considered around ₹794, with a stop-loss at ₹745. The stock is showing signs of stabilisation near the crucial ₹750 demand zone, and sustained buying interest from this support area could drive a recovery towards the ₹892 target.” Choice Equity Broking said.
Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience. <br><br> Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism. <br><br> Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends. An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.
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HomeMarketsStock MarketsDown 25% in 3 months, but market expert Sumeet Bagadia sees recovery, gains in Fortis - Check target price, stop-loss
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