Bharti Airtel can move up to Rs 355-360: Sharma

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Bharti Airtel can move up to Rs 355-360: Sharma

03 Feb 11 05:14 PM

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Bharti Airtel can move up to Rs 355-360, says Jatinder Sharma, Partner, Equity Strategists.

Sharma told "Bharti has been one of the better performers in the past 2-3 months amongst the heavyweight pack. It has shed, it went to about Rs 370 levels and then it came to about Rs 320. But overall it is one of the strong stocks and one can look to be on the longer side of Bharti even now and keep a stop loss of Rs 315 and I think it can move up to Rs 355-360 levels."

The company's trailing 12-month (TTM) EPS was at Rs 22.31 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 15.23. The latest book value of the company is Rs 96.24 per share. At current value, the price-to-book value of the company was 3.53. The dividend yield of the company was 0.29%.