Bharti Airtel may come down to Rs 300: Sukhani

Sukhani told CNBC-TV18, "With a lot of regret there is no buying opportunity in Bharti Airtel. When it broke Rs 350 is suggesting a downside that could extend all the way down to Rs 300. So sometimes when I look at these charts and how they have changed, transformed from bullish to bearish I get worried that this is not the end of the decline. But Bharti and Idea are both looking for lower levels, so there is no buy on dips trade here."

Bharti Airtel's trailing 12-month (TTM) EPS was at Rs 20.32 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 16.98. The latest book value of the company is Rs 115.42 per share. At current value, the price-to-book value of the company was 2.99. The dividend yield of the company was 0.29%.