No significant upside in the short term in retail sector: Sandeep J Shah, Sampriti Capital

In an interview to ET Now, Sandeep J Shah, CEO, Sampriti Capital gives his take about the impact on retail sector from th news about FDI.


How will the market labsorb the news about FDI in retail that the cabinet is going to discuss the paper today?

It is positive move. I hope this is purely an administrative thing and the executive can actually roll that out. But, the BJP has made it clear that they are going to oppose it at all levels. There will be more competition in the retail sector, more investment happening therefore more jobs hopefully there and plus the fact that. Also, India desperately needs money from foreign currency so from all perspectives that is clearly a positive.

But the fact that but it is not going to be now, so you will see some of the retail stocks have already rallied. I am not sure if there is going to be a significant upside in the short term because if you look at foot falls there is a slowdown, if you look at same store sales there is a bit of a slowdown but yes from a long term perspective it is a great thing to happen.