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    Upcoming festive season likely to augur well for the retail sector: Sudip Bandyopadhyay

    Synopsis

    "The festive season is coming and consumer spending is increasing. So obviously the Diwali, Dusshera, Christmas this is the season for the retailers."

    ET Now
    In a chat with ET Now, Sudip Bandyopadhyay, President, Destimoney Securities Pvt. Ltd, shares his views on the retail sector. Excerpts:

    ET Now: What is your take on some of these pure retail stocks? Does it make sense to revisit some of these retail stocks because if consumer sentiment has revived, retailers would also benefit?

    Sudip Bandyopadhyay: I completely agree with you. Definitely it is time to relook at these stocks. There are two-three things which are happening for a minute if you leave aside CESC; the other stocks there is a strong view that most of these guys also will start their e-retailing platform and I believe a lot of them are working on it. Now if you look at the e-retail platforms and the kind of valuations they are attracting and if you try to extrapolate that to these companies like a Trent or a Shopper Stop, there is definitely scope for these guys to do something. The Amazon model if somebody sees is really huge amount of warehouse or storage space backed by an excellent platform. Now the guys who have a brick and mortar presence across the country obviously have that storage space. They have to add the online platform which probably they need to do and create an efficient delivery mechanism. Of course it is a long way from here for them to create that but of course the possibility is there and some of them I am sure will cease that opportunity. Probably market is carefully watching the progress of the retail guys into the e-retailing space and the valuations are being talked about in that context. The other things of course as you said the festive season is coming and consumer spending is increasing. So obviously the Diwali, Dusshera, Christmas this is the season for the retailers. So there is a merit in relooking at these stocks.




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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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