Enter Bharti Airtel around Rs 365-370: Shruti Vora

Enter Bharti Airtel around Rs 365-370, says Shruti Vora, Antique Stock Broking.

Vora told CNBC-TV18, "Bharti Airtel continues to stay in that Rs 360 and Rs 410 range bound levels. A couple of sessions back you did see Rs 395-400 kind of levels. I think beyond that the stock is unable to sustain. So once again around Rs 365-370 is a level where one could actually see to reenter the stock."
The share touched its 52-week high Rs 444.70 and 52-week low Rs 304.25 on 01 Aug, 2011 and 02 Feb, 2011, respectively. Currently, it is trading -13.13% below its 52-week high and 26.97% above its 52-week low. Market capitalisation stands at Rs 146,698.59 crore.
The company's trailing 12-month (TTM) EPS was at Rs 16.92 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 22.84. 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 3.35. The dividend yield of the company was 0.26%.