Long Term Buy Call For Bharti Airtel

Long Term Buy Call For Bharti AirtelTechnical analyst Alok Agarwal of Mata Securities has maintained 'buy' rating on Bharti Airtel Limited stock for 30-35% returns.

According to analyst, the stock can attain the said target within a period of one year.

Today, the stock of the company opened at Rs 325.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 376.50 and a low of Rs 257 on BSE.

Current EPS & P/E ratio stood at 20.54 and 16.00 respectively.

Bharti Airtel has decided to roll out third-generation (3G) services to 1,500 Indian cities by the end of March next year.

India's biggest telecommunication giant, which possesses 3G permission for 13 circles, is also making discussions with other service supplier in order to launch the 3G services in the resting 10 circles as part of its roaming offerings.

Atul Bindal, president for mobile services, Bharti Airtel, satated, "We are in touch with other operators for 3G alliances outside our licenced zones." But he declined to divulge the names and the partnership models. He said the company would initially launch the service in its 13 3G licence circles by March 2011.

Bharti Airtel, which is present in over 19 nations across Asia and Africa, thinks that the new data services will assist to brace its profit and average revenue per user (ARPU).

Besides, it rolled out its 3G services in Bangalore.

The Karnataka zone contributes the major part of Airtel's income and is its largest circle by operation.