Buy Shoppers Stop, says Ajay Srivastava

Buy Shoppers Stop, says Ajay Srivastava, CEO, Dimensions Consulting.

Srivastava told CNBC-TV18, "The only three stocks we can own in this country - Shoppers Stop, Pantaloon Retail and Trent. So universal - only three retail stocks. All three stocks have run up almost close to 60-70% in the last five months on expectation from the policy. So, all are running at about 52 weeks high at this point of time."

He further added, "All are expensive stocks but relatively speaking I would still say that Shoppers Stop used to be a better arbitrage because I think the most likelihood of being sold is Shoppers Stop. They are doing better, their margins are good. So among this horizon, I can see the Shoppers Stop in the universe of three would be possibly a better buy than other two."