Stock market analysts are of the view that investors can sell Bharti Airtel Ltd stock with a target price between Rs 302-299.

According to them, investors can sell the stock below Rs 304.50 with a strict stop loss of Rs 307.50.

If the stock fell below Rs 295, it may see more weakness.

Today (Feb 03), the stock opened at Rs 312.70 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 495 and a low of Rs 229.50 on BSE.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

Bharti Airtel has recorded a marginal growth of 13.17% y-o-y in its third quarter consolidated net profit, which stood at Rs 22.37 billion as per Indian GAAP.

The company's consolidated total income during the third quarter surged 6.59% y-o-y to Rs 103.27 billion.

According to audited US GAAP, the company's consolidated net profit for the three month period under review grew 2% y-o-y to Rs 22.10 billion.

The free cash flow was considerably higher at Rs 18.29 billion.

The consolidated total income for the third quarter rose marginally 1% y-o-y to Rs 97.72 billion, whereas EBITDA stood at Rs 39.11 billion, recording a fall of 1% y-o-y.

On standalone basis, the company's profit increased 14.61% y-o-y during the third quarter to Rs 23.12 billion.

The company's net sales dropped 0.85% y-o-y to Rs 87.55 billion, whilst total income declined 0.89% y-o-y to Rs 87.71 billion.

Bharti Airtel recorded an EPS of Rs 6.09 per a share during the quarter, recording 42.71% fall over previous year period.