Buy Bharti Airtel With Target Of Rs 384

Buy Bharti Airtel With Target Of Rs 384Stock market analyst Salil Sharma has maintained 'buy' rating on Bharti Airtel Ltd stock with a target of Rs 384.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 368.

The stock of the company, on Sep 27, closed at Rs 373.10 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 16.94 respectively.

Telecom giant Bharti Airtel Ltd has picked Nokia Siemens Networks, Ericsson India and Huawei Technologies as network affiliates to roll out its 3G Services in the country.

As per reports, Nokia Siemens Networks, Ericsson India and Huawei Tech will propose, devise, set up and maintain a high-tech 3G HSPA Network in Bharti's 3G license circles.

This will permit Bharti Airtel broaden its leadership status in the country and meet up the rising demand for fast browsing and wireless entertainment in India.

Further fortifying its association with Ericsson, the company has given the most of the 3G License Circles to Ericsson India.

Moreover, Bharti Airtel's recently bought mobile operator in Malawi has rolled out commercial 3G services.