Stock market analyst Salil Sharma has maintained 'buy' rating on Bharti Airtel Limited stock to achieve a target of Rs 349.

The analyst said that the stock can be purchased with a stop loss of Rs 337.

The stock of the company, on December 27, closed at Rs 341.60 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 16.74 respectively.

The doubt over the prospect of 3G video calls and its own network under-preparation is expected to postpone the launch of 3G services of the country's largest telecommunication operator, Bharti Airtel well into 2011.

According to a company executive, "The network is not yet ready as testing is currently on and besides, the Department of Telecommunications (DoT) has to grant approval for the start of 3G video calling services. We do not want to offer 3G services to our customers in bits and pieces."

Previously, there were reports that the company would roll out its 3G services by the end of December 2010.

Bharti Airtel has decided to delist its Lusaka-listed Celtel Zambia division following an obligatory offer to purchase minority stockholders, which lifted up its holding to around 97%.

Bharti Airtel, which possessed around 79% of the Zambian arm after getting hold of the African assets of Kuwait's Zain in 2010, made an offer to purchase minority shareholders during the last month (November), as per local regulations.