Stock recommendations for 13 July from MarketSmith India

Indian equity markets ended strong with the Nifty 50 gaining 244.10 points (1.02%) to settle at 24,206.90, supported by TCS's in-line Q1 results, robust banking sector updates, and positive global cues including easing US-Iran tensions. MarketSmith India recommends buying Equitas Small Finance Bank at around 81 to 82 rupees with a target of 100 rupees over two to three months and a stop loss at 75 rupees. It also recommends Knowledge Marine and Engineering Works at 2,386 to 2,422 rupees with a target of about 2,690 rupees and a stop loss at 2,270 rupees.