Stock market analysts have maintained ‘buy’ rating on Bharti Airtel with an intraday target of Rs 302.

According to them, interested traders can purchase the stock above Rs 299 with a strict stop loss of Rs 296. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 305.

Shares of the company, on Tuesday (Nov 03), closed at Rs 299.95 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 23.91 and 12.47 respectively. The share price has seen a 52-week high of Rs 495 and a low of Rs 272 on BSE.

Singapore Telecommunications (on Nov 02) purchased an additional 1.52% equity stake in the country’s biggest private telecom Bharti Airtel.

SingTel will pay around Rs 30.08 billion in three installments ranging over 18 months.

Bharti Airtel, a part of Bharti Enterprises, announced an increase of 43.13% in its net profit, which stood at Rs 22,969.40 million for the quarter ended Sept 30 as against Rs 16,047.80 million for the corresponding period of the last year.

The company’s total income surged 7.52% to Rs 89,271million as compared to Rs 83,028 million.

The company reported net sales of Rs 89,016.60 million during the quarter as against 82,743.70 million, increase of 7.58% over the prior year period.

Bharti Airtel reported EPS of Rs 6.05, recording decline of 28.48% as against the prior year period.