Dean Kim sees these stocks gaining momentum on robust money flow
The Head of Global Research Product at William O’Neil + Co sees a lot of opportunities in the financials space as it is witnessing strong money flows.
Dean Kim, the Head of Global Research Product at William O’Neil + Co. is anticipating strong momentum in select stocks driven by robust money flows. His analysis points to a surge in investor interest and capital influx, suggesting a bullish trend for these stocks in the upcoming period.
"We're seeing pretty good money flows into Financials. So I would say HDFC Bank, it's an opportunity. It's breaking out from a double bottom base and money flows are pretty strong. And so despite, you know, this could be short term profit taking here, but I think the chart looks good," he said.
Apart from HDFC Bank, the charts indicate strength in IndusInd Bank, Yes Bank, and State Bank of India among large caps.
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Among small-caps, Kim sees potential in the consumer finance sector. Companies like Muthoot Finance, Intellect Design Arena, Cholamandalam Investment and Finance Company, and Shriram Finance have caught his eye due to their breakout patterns from early-stage bases. Kim suggests that a positive turn in the market could present a perfect entry point for investors interested in these opportunities.
Kim also recommends keeping an eye on JB Chemicals and Pharmaceuticals, along with Caplin Point Laboratories. According to him, these companies present good opportunities for investment in the pharma space.
For the entire interview, watch the accompanying video
(Edited by : Shweta Mungre)
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