Sell Bharti Airtel With Stop Loss Of Rs 332

Sell Bharti Airtel With Stop Loss Of Rs 332Technical analyst Salil Sharma has maintained 'sell' rating on Bharti Airtel Limited stock with stop loss of Rs 332.

According to analyst, the investors can sell the stock with a target of Rs 318.

Mr. Sharma said that it is fruitful to sell the stock in today's session as there are full chances of decline.

After selling the stock today, the interested investors can purchase the stock again for medium or long term target.

The stock of the company, on Nov 10, closed at Rs 328.15 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 15.63 respectively.

India's biggest telecommunication company, Bharti Airtel recorded a fall of 27%in its net profit during the second quarter.

The net profit of the company for the second quarter stood at Rs 1,661 crore as against Rs 2,263 crore in the corresponding period of 2009.

Company's revenue went up 47% to Rs 15,215 crore as against Rs 10,379 crore during the same quarter last year.

Company's revenue from the African market stood at Rs 3,891 crore, even as the region continues to record losses in net income.

Bharti's earnings before interest, taxes, depreciation and amortization during the second quarter grew by 19% to Rs 5,121 crore as against Rs 4,301 crore in 2009.

Company's earning from domestic operations remained affected by twelve monthly salary increases and growth in diesel rates that caused a 77-basis point reduction in the mobiles' biz.