Vinay Rajani of HDFC Sec suggests PG Electroplast, Puravankara shares to buy in near-term

Indian markets witnessed broad-based selling on July 13, with the BSE Sensex falling over 700 points to an intraday low of 76,857 and the Nifty 50 slipping past 24,000 amid weak global cues and geopolitical tensions. HDFC Securities analyst Vinay Rajani recommended buying PG Electroplast and Puravankara shares in the near term, citing technical breakouts supported by volume, momentum indicators and cup-and-handle pattern on PG Electroplast. The broader market continued to outperform benchmarks, with the Nifty Midcap 100 scaling fresh all-time highs and about 64.60 percent of NSE 500 constituents trading above their 50 DMA.