Exit Future Retail: Rajesh Agarwal

Rajesh Agarwal of Eastern Financiers told CNBC-TV18, "In Future Retail there has been lot of buzz after the news flow of foreign investment promotion board (FIPB) approving Tesco joint venture with Trent and lot of buzz has been in the retail piece as such. Despite FRL's attempt to reduce the debt by selling stake in Biba and insurance venture, I think the debt are still on higher side."

"The margins are very poor. So, it is better to get out of this stock. If one wants to be in a retail space then Shoppers Stop would be a better bet or even Titan Company would be the best bet I would prefer in this space. One should sell FRL and switch to Titan," he added.