Bharti Airtel can go to Rs 420-435: Harchekar

Bharti Airtel can go to Rs 420-435, says Amit Harchekar of IIFL.

Harchekar told CNBC-TV18, "The view for Bharti Airtel is positive. We had expected some resistance close to Rs 375-380 but since that level has been passed and the stock has been sustaining that levels with good volumes we believe there is still room for further upside towards Rs 420 to Rs 435."
The company'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 19.21. 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 3.38. The dividend yield of the company was 0.26%.