Abstract:Bharti Tele-Ventures was incorporated on July 7, 1995 as a company with limited liability under the Companies Act, for

promoting telecommunications services. Bharti Tele-Ventures received certificate for commencement of business on January 18, 1996. The Company was initially formed as a wholly-owned subsidiary of Bharti Telecom Limited. Bharti Airtel Limited commonly known as Airtel, is an Indian telecommunication company that operates in 19 countries across South Asia, Africa and the Channel Islands. It operates a GSM network in all countries, providing 2G or 3G services depending upon the country of operation. Airtel is the fifth largest telecom operator in the world with over 207.8 million subscribers across 19 countries at the end of 2010. It is the largest cellular service provider in India, with over 164.61 million subscribers at the end of 2011 April. Airtel also offers fixed line services and broadband services. It offers its telecom services under the Airtel brand and is headed by Sunil Bharti Mittal. Bharti Airtel is the first Indian telecom service provider to achieve this Cisco Gold Certification. To earn Gold Certification, Bharti Airtel had to meet rigorous standards for networking competency, service, support and customer satisfaction set forth by Cisco. The company also provides landline telephone services and broadband Internet access (DSL) in over 96 cities in India. It also acts as a carrier for national and international long distance communication services.

Key data BHARTI AIRTEL 52-week high/low `413 / `304 Sensex/Nifty 18722 / 5634 3-m average daily volume US$39.6m Market Cap `1561bn / US$35.2bn Shares outstanding 3798m Promoters 68.3 Free float 31.7 - Foreign institutions 17.6 - Domestic institutions 8.5 - Others 5.6 Relative price performance Bharti Sensex 250

Source:http://economictimes.indiatimes.com/infocompanydividends.cms?companyid=2718&year=0&pagesize= 10&pagenumber=1&ispagingrequired=0 http://investmentsfordummieslikeme.blogspot.com/2011/05/stock-chart-pattern-bharti-airtel.html http://www.moneycontrol.com/company-facts/bhartiairtel/history/BA08 http://www.bazaartrend.com/index.php?symbolname=BHARTIARTL http://www.moneycontrol.com/news/news/hold-bharti-airtel;-targetrs-453-krchoksey-_573470.html

Research Methodology:Source of data collection

The research was conducted with the help of Secondary data collected from various sources such as websites, newspapers, etc.

CONCLUSION:The stock chart pattern of Bharti Airtel is back in bull territory. Without a doubt, this is the best stock among the telecom service providers. Bhartis stock had been an outstanding performer, giving multibagger returns to savvy investors who had entered early. Customer service was the best among the various service providers. The management was aggressive and clued on. But all sectors eventually mature. The fast growth of the early years tend to slow down to more stable and sustainable levels. Bharti was no exception. The stock reached a high of 495 (adjusted for the subsequent 2:1 split) on May 19 09 thanks to the post-election market euphoria but failed to test its Oct 07 top of 575. After a sharp correction, followed by a sideways consolidation, the stock attempted another rally only to reach a lower top of 467 on Oct 1 09. Bharti remains my top pick from the sector due to its diversified business model, the largest subscriber base, and stabling operations in African market. With recent tariff hike in selected circles, worse is over for telecom sector. With subscriber base growing at steady rate of 2%-3% per month, I believe Bharti will post healthy double digit growth in FY12 & FY13. Selective hikes. Under revised tariff plans in six circles, charges for on-net calls (i.e. Airtel to Airtel) are up from 1p/sec to 1.2p/sec and from 50p/min to 60p/min (in line with off-net rates). In some of these circles, charges for calls to landlines have been increased from 1.2p/sec to 1.5p/sec and from 60p/min to 90p/min. Re-iterate Buy. Investors should keep buying Bharti, and maintain their current earnings and target price pending 1QFY12 results.