Avoid retail stocks at this point of time: Ajay Srivastava

In a chat with ET Now, Ajay Srivastava, Dimensions Consulting Pvt Ltd, talks about retail space.

ET Now: On the retail space, how upbeat are you now that FDI has got a nod finally?

Ajay Srivastava: What is a retail space in India? You have really got one listed stock sitting there, so we can feel very upbeat about the sector but there is no place to invest in and one does not believe that Pantaloon perhaps is the right place, maybe Shoppers’ to some extent but with apart from these two companies, there is nothing much to invest in at this point of time.