Bharti Airtel has target of Rs 330: Sonam Udasi

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Bharti Airtel has target of Rs 330: Sonam Udasi

Bharti Airtel has target of Rs 330, says Sonam Udasi, Brics Securities.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » RELATED NEWS Bharti Airtel can test Rs 340-345: Gujral Bharti Airtel has resistance at Rs 327-334: Anu Jain Nischal Maheshwari is positive on Bharti Airtel ALSO READ See previous views by Sonam Udasi See what other Experts & Brokerages are saying about Bharti Airtel See messages about Bharti Airtel Bharti Airtel BSE | NSE 30/05/12 Are Mutual Funds betting on Bharti Airtel?

Bharti Airtel has target of Rs 330, says Sonam Udasi , Brics Securities.

Udasi told CNBC-TV18, "In the near-term the risk reward is favorable towards the investor in the Bharti Airtel. The stock has not done anything. As the thing gets clear, we think that it will start climbing the wall of worries that the Bharti is facing right now. So generally speaking we are more bullish on Bharti. We have shorter-term target of about Rs 330."

The share closed at Rs 311.85, up Rs 11.85, or 3.95% with volumes of 1,436,625 shares. Market capitalisation stands at Rs 118,417.40 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 -37% below its 52-week high and 35.88% 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 12.64. 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 4.3. The dividend yield of the company was 0.32%.