Intraday Buy Call For Bharti Airtel

Intraday Buy Call For Bharti AirtelStock market analyst Salil Sharma has maintained 'buy' rating on Bharti Airtel Ltd stock to achieve a target of Rs 349.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 332.

The stock of the company, on Sep 031, closed at Rs 339.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 467 and a low of Rs 257 on BSE.

Current EPS & P/E ratio stood at 22.10 and 15.36 respectively.

The country's biggest mobile phone operator has also rolled out its Global Data Services in Malaysia and Thailand.

The company has declared that Shravin Mittal, son of founder and Chairman Sunil Bharti Mittal, will become a part of the company as he has been appointed as a manager at an foreign unit.

Shravin, a Bath University graduate, will be part of Bharti Airtel International Netherlands B. V.

In addition, Bharti Airtel is ready to install new telecommunication towers in the South African market.

In Feb 2010, Bharti got hold of the African assets of Zain Telecom.

As per sources, Bharti had already explored bids to establish towers in countries comprising Nigeria, Kenya and Tanzania.