Bharti Airtel has target of Rs 427: Prakash Diwan

Bharti Airtel has target of Rs 427, says Prakash Diwan of Asit C Mehta Investment Intermediates.

Diwan told CNBC-TV18, "The stock which has been in the news since Friday is Bharti Airtel. We have already seen little bit of move after the announcement of 20% hike in tariffs, but I would reckon there would be more positive triggers, flowing in for Bharti specially in terms of shoring up not only tariffs but also making sure that the bottomline comes back to some decent healthy levels after the two year lull."
He further added, "Bharti at current market price could give us an upside, which is fairly smart and distinct for the day. I look at a target of about Rs 427 and may be a stoploss of Rs 390."