Buy Bharti Airtel With Stop Loss Of Rs 334

Buy Bharti Airtel With Stop Loss Of Rs 334Technical analyst Salil Sharma has maintained 'buy' rating on Bharti Airtel Limited stock with a target of Rs 348.

According to analyst, the investors can purchase the stock with a stop loss of Rs 334.

The stock of the company, on December 09, closed at Rs 338.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 376.50and a low of Rs 257 on BSE.

Current EPS & P/E ratio stood at 20.54 and 16.49 respectively.

On Dec 09, Bharti Airtel declared an exclusive affiliation with Manchester United Football Club and entered into a 4-year partnership deal.

This is a first of its kind partnership inked between the leading global telecom company and Manchester United in the African continent.

During the last month, Bharti Airtel announced that it will commercially roll out third-generation services by December end.

Bharti Airtel CMD Sunil Mittal stated, "We are on track to launch 3G services by the end of this year."

Bharti won spectrum for 3G services in 13 of India's 22 telecommunication service zones in the public sale held by the administration earlier 2010.