Buy Bharti Airtel With Target Of Rs 353

Buy Bharti Airtel With Target Of Rs 353Technical analyst Salil Sharma has maintained 'buy' rating on Bharti Airtel Limited stock with a target of Rs 353.

According to analyst, the investors can buy the stock with a stop loss of Rs 339.

The stock of the company, on December 22, closed at Rs 343.25 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 16.79 respectively.

Country's biggest mobile-phone operator, on Dec 22, launched its mobile services in Bangladesh under the Airtel brand.

With this, Airtel Bangladesh linked up with the worldwide Airtel family of 200 million clients having accomplished the acquirement of Warid Telecom, Bangladesh from the Dhabi Group.

On Dec 07, telecom regulator, TRAI, issued facts on the segregation of clients by utilization and GSM mobile operators including Bharti Airtel and Idea Cellular have the highest number of active subscribers.

As per reports, Bharti Airtel will commercially roll out third-generation services by the end of existing month.

Bharti Airtel CMD Sunil Mittal said, "We are on track to launch 3G services by the end of this year."