Alok Jain of WeekendInvesting.com is a momentum investor.
“We believe in price momentum compared to the fundamentals of a company,” he told BloombergQuint on the sidelines of the Investors Carnival in Goa.
Jain's investing style fetched him successful bets like HEG Ltd., Graphite India Ltd. and Goa Carbon Ltd. “When we invested in these companies, their fundamentals may not have been the best, but their price action suggested that they were bound to give strong returns,” he said.
As far as the current market is concerned, Jain finds opportunities in metals and information technology stocks. “Their momentum is on the stronger side,” he said. We will look to invest in these stocks as and when the current market finds a bottom.”
Disclaimer: The commentary on BloombergQuint represents the view of external experts. Investors are advised to consult a certified financial advisor/planner when making any investments. No views shared on a BloombergQuint program or story or conversation should be construed as personal advice.
Quintillion Business Media Pvt. (BloombergQuint) is not responsible for any risk or loss that might occur as a result of using this information in any way, regardless of your interpretation of the advice.
BloombergQuint's digital and social media platforms provide views of only SEBI-registered investment advisors/analysts.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
