Sharing his outlook on the market, Udayan Mukherjee of CNBC-TV18 said that it is not going to be easy for many to make money this year.
“It’s one of those years where if you pick five or seven stocks which perform, you do very well but if you are on the wrong side of it you can actually do very poorly. So be stock specific and be defensive and quality focused this year on the portfolio. It’s not going to be easy for a lot of people to make money this year,” said Mukherjee.
“I do not think this is a year to be approaching the market sectorally. This is the kind of year where we should brace ourselves for volatility and there will be more than one volatile patches," he said.
According to him, this is one of those years where the market might not return, at least in the first half, a lot of money and therefore one will have to be stock specific.
Talking about stocks, he said that Avenue Supermarts is struggling a bit on the margin front and from competition.