Hold Bharti Airtel, says Sukhani

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Bharti Airtel has target of Rs 332: Thacker Bharti Airtel has target of Rs 330: Sonam Udasi Bharti Airtel can test Rs 340-345: Gujral ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Bharti Airtel See messages about Bharti Airtel Bharti Airtel BSE | NSE 17/02/12 Are Mutual Funds betting on Bharti Airtel?

Hold Bharti Airtel , says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "The technical are not suggesting that the worst is over but what they are suggesting is a relief rally. The Nifty has also gone up a lot, so Bharti is still underperforming. The owners of this should hold on, even short term traders, there could be Rs 5-10 more but at this point there is nothing to buy."

Bharti Airtel has touched an intraday high of Rs 319.40 and an intraday low of Rs 306.25. At 11:18 hrs the share was quoting at Rs 319.00, up Rs 7.15, or 2.29%.

Market capitalisation stands at Rs 121,132.44 crore. The company touched its 52 week high Rs 495.00 and 52 week low Rs 229.50 on 19 May, 2009 and 27 Nov, 2009, respectively. Currently, it is trading -35.56% below its 52-week high and 39% above its 52-week low.

The company's trailing 12-month (TTM) EPS was at Rs 24.68 per share. The stock's price-to-earnings (P/E) ratio was 12.93. The latest book value of the company is Rs 72.49 per share. At current value, the price-to-book value of the company was 4.4. The dividend yield of the company was 0.31%.