Bharti Airtel has target of Rs 387: Thununguntla

Bharti Airtel has target of Rs 387, says Jagannadham Thununguntla, Head of Research, SMC Global.

Thununguntla told CNBC-TV18, "The target price for Bharti Airtel is Rs 387. The company kept on posting healthy results and also the problems of the remaining telecom players can be a big benefit for Bharti Airtel."
He further added, "The company has been expanding in Africa quite well and Mobile Number Portability (MNP) can be a big blessing to the company rather than a threat."