Expect good upside potential in CESC, Aditya Birla Nuvo: Hemang Jani, Sharekhan

In a chat with ET Now, Hemang Jani, Senior Vice President, Sharekhan, shares his views on retail sector.

ET Now: What are your thoughts on retail?

Hemang Jani: In retail, we like two companies. One is CESC Calcutta Electric, their power business is doing well and once they are able to get a good value for their retail arm Spencer, there should be a good upside potential from current levels. Even something like Aditya Birla Nuvo, we believe that they have a good strong presence and they have recently been able to acquire the retail business of Pantaloon and we believe that there is a good upside potential for Aditya Birla Nuvo as well from current levels.