Bharti Airtel a top pick; target Rs 385: ICICI Direct

Karan Mittal, ICICI Direct is of the view that Bharti Airtel is a top pick with a target of Rs 385.

Mittal told CNBC-TV18, "As of now we have buy on all the three telecom entities but our top pick would be Bharti Airtel with a target of Rs 385."
The share closed at Rs 281.20, up Rs 10.55, or 3.90 percent. It has touched an intraday high of Rs 284.55 and an intraday low of Rs 270.25.
The share touched its 52-week high Rs 370.40 and 52-week low Rs 238.50 on 25 January, 2013 and 30 August, 2012, respectively. Currently, it is trading 24.08 percent below its 52-week high and 17.9 percent above its 52-week low. Market capitalisation stands at Rs 106,786.55 crore.