BUY BHARTI AIRTEL - LONG TERM

Many Analysts believe that BHARTI AIRTEL is one of the better stocks in return after Reliance.
It has a BUY rating with a 12-month target of Rs 1150, which implies upside potential of 35%

Bharti remains our top pick on India’s booming mobile industry. Bharti has raised market share as well as expanded margins in a competitive market. Presenting at our Investors Forum 2007, management sees scope for further market share gains led by aggressive network expansions. With earnings set to grow at a 30% Cagr over FY07-10CL and scope for positive surprises, we believe Bharti’s valuations at 21x FY09CL remain compelling. Maintain BUY.

Bharti has been under performing earlier it was one of the leaders of the bull market and it will take the leadership role again together with Reliance Comm. So, if you are a trader, you should concentrate and focus on that stock and if you are an investor, this is a buying opportunity."