Stock market analysts have maintained 'buy' rating on Bharti Airtel with an intraday target of Rs 366.

According to them, interested traders can purchase the stock between Rs 358-360 with a strict stop loss of Rs 350. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 372.

Shares of the company, on Wednesday (Oct 07), closed at Rs 358.35 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 22.08 and 15.72 respectively. The share price has seen a 52-week high of Rs 495 and a low of Rs 242 on BSE.

Bharti Airtel will continue to examine growing market areas for acquirements or JVs after the Indian company closed discussions over a cross-shareholding agreement with South African teleco giant MTN during the previous week.

Bharti Airtel and MTN canceled negotiations to close a $24 billion affiliation last Wednesday.

There are reports that Bharti Airtel has decided to make a bid for Luxembourg-headquartered telecommunication company Millicom's Sri Lankan operations.

The Nasdaq-listed Millicom offers prepaid cellular services to more than 30 million clients in 16 rising market zones in Latin America, Africa as well as Asia.