HDFC Securities strategist Vinay Rajani has recommended PG Electroplast and Puravankara as near-term buy opportunities, identifying technical strength in both names despite a broader market downturn.
The recommendations come as Indian equity markets faced significant selling pressure on Monday, July 13, with benchmark indices the Sensex and Nifty 50 falling nearly 1% amid weak global cues and heightened geopolitical tensions.
Market capitalization across the broader exchange dropped by approximately ₹2 lakh crore during the session.
While the broader market showed resilience in the banking sector, with Bank Nifty remaining relatively strong, Rajani’s picks focus on specific technical setups rather than macro-driven momentum.
The strategist’s selection of PG Electroplast and Puravankara suggests a divergence from the general risk-off sentiment, targeting companies that have maintained structural support levels despite the recent volatility.
This approach aligns with a broader trend among Indian brokerages to identify idiosyncratic strength within a correcting market.