Bharti Airtel Buy Call

Technical analysts suggest that day traders can buy Bharti Airtel below 965 levels. The stock has gained nearly 2.11% in today’s trading session. Day Traders should keep a stop loss of  Rs.935 for the target of Rs.970 - 980.

On National Stock Exchange, the stock has touched 52-week high of 1,184.20 and a low of Rs.400.

Bharti Airtel , India’s largest telecom service provider has recently announced an agreement with Western Union to jointly develop and pilot a Mobile Money Transfer service in India. This service will help users to send money to India using mobile phones.

Mr. Gopal Vittal, Director Marketing & Communications, Bharti Airtel Limited said, "We are delighted to work with Western Union in this path-breaking initiative and be at the forefront of enabling international remittance over mobile for our 50 million mobile phone customers in India. This will help us move money via mobile in a fast and convenient way, supporting low-value transactions."

Stock of Bharti Airtel has reached an intraday high of 995.90 and low of Rs 950.

The stock is trading at P/E of Rs.34.01 at current market price. The stock has an EPS of Rs.28.26.