Long Term Buy Call For Bharti Airtel

Long Term Buy Call For Bharti AirtelStock market analyst Ashish Kapur of Invest Shoppe is of the view that investors can buy Bharti Airtel Ltd stock with for more than one year for good returns.

Mr. Kapur said that most of the negatives in Bharti Airtel have been discounted for and it is strengthening its presence in growing market regions of Asia and Africa,

Today, the shares of the company opened at Rs 265.55 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 24.39 and 10.88 respectively.

Bharti Airtel will make an investment of $100 million by 2013 on network growth in Malawi.

Mr. Manoj Kohli the CEO of Bharti Africa said, "We plan to invest $ 100 million in Malawi in the next three years to improve coverage and reach out to Malawi's rural farmers ... and help the country's economy grow."

Bharti Airtel Ltd has nominated Ogilvy Africa BV as its marketing services associate in the African market.

Ogilvy Africa will look after the marketing activities of the company in 15 African nations.

Bharti Airtel Ltd. informed that it has already entered into an agreement with the company and shortly it will be operative.

Sunil Mittal led Bharti Airtel on June 09 declared that it had finished the acquirement of Zain Telecom's Africa operations for $10.7 billion.