Technical analyst Salil Sharma has maintained 'buy' rating on Bharti Airtel Limited stock with a target of Rs 348.

According to analyst, the stock can be purchased with a stop loss of Rs 335.

The stock of the company, on December 15, closed at Rs 339.30 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 20.54 and 16.74 respectively.

Bharti Airtel has declared that it has decided to amplify the coverage of its new Madagascan arm's mobile network by approximately 25% in the coming year in order to attract novel clients in rustic areas of India.

As per reports, the growth plan will witness around 5-6 million people entering the cellco's infrastructure, and Bharti is likely to make investment of about $50 million by the next 18 months on the network with the intention of encouraging subscriber figures to 3.2 million by the end of 2011.

Besides, the company has elaborated its Triple Play plan to Bangalore, Karnataka.

Bharti Airtel runs in 19 nations across Asia and Africa.

As per sources, the declaration was made after the triumphant run of IPTV in Delhi National Capital Region.

The Triple Play potentiality is likely to provide Airtel (News - Alert) clients the ability to access all services comprising voice, broadband and television (IPTV) on a single line.