Mumbai: Shares in Fortis Healthcare Ltd hit the highest since September 2011 on Monday. The stock was up 9.8 percent to Rs 133.85as of 9:51 a.m.
Malaysia`s IHH Healthcare Bhd said on Friday it is buying Fortis` Singapore unit.
The divestment will enable Fortis to focus more on India operations, Sharekhan said in a note.
Fortis could thus post a "strong" operating performance and regain investor confidence, Sharekhan adds.
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