Fortis Malar-Will Become SRL Diagnostics; CMP Rs 83 In the on-going transition at Fortis, the Chennai based Malar Hospitals will move into Fortis Health and the entire diagnostics SRL division of Fortis will move to Fortis Malar. Thus Malar will become a diagnostics player like Dr Lal Pathlabs and Thryocare.
The current market cap of Rs 155 crore for Malar represents a single hospital, that was sold off by Dr. Sudha Ramamurthy to the Singhs. This super speciality hospital reports an EPS of Rs 3 and on that basis seems expensive. Post the transfer of diagnostics biz, the allotment of additional shares to the Fortis shareholders and to those of Malar, this entity should be worth atleast Rs 2000-3000 crore, with a PE in excess of 35. Ten years ago Malar used to quote at Rs 9, this is before Sudha's cardiologist husband died and the eldest daughter Madhi Malar got married to Sri Lankan star Muthiah Muralitharan. A googly is still to be bowled in this stock. -- Kindly email stock reports at STOCKRESEARCHER@googlegroups.com For sharing knowledge -- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE. http://www.niftyviews.com/ Disclaimer :- "The opinions expressed by the members on this board are based on their individual experience and perceptions and to share information with other members with the best of intentions to help fellow members in investment decisions as equity investment is a risky venture.The administrator of www.Niftyviews.com just provide a platform for the authors to express their opinion and take no guarantee for the genuineness of the same."ANY member of this forum doesnt prepare or publish any research report; or ii. provide research report; or iii. make 'buy/sell/hold' recommendation; or iv. give price target; --- You received this message because you are subscribed to the Google Groups "Niftyviews.com" group. To unsubscribe from this group and stop receiving emails from it, send an email to stockresearcher+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
