Vinay Rajani, an analyst at HDFC Securities, recommended buying shares of PG Electroplast and Puravankara in the near term.
These recommendations come during a period of volatility in the Indian equity markets. Identifying specific stocks with upside potential during a broad downturn helps investors navigate risk and identify resilience in high-beta segments.
The suggestions follow a market sell-off on July 13, 2026. During that session, the Sensex and Nifty 50 fell nearly one percent [1]. This downturn resulted in a significant loss of value across the exchange, with market capitalization dropping by ₹2 lakh crore [2].
Rajani said that despite the general market decline, he sees potential for these two specific companies. He believes that high-beta segments can show resilience even when the broader indices are struggling. The analyst said that both PG Electroplast and Puravankara possess near-term upside potential that makes them attractive for buyers at current levels.
Investors typically view high-beta stocks as more volatile than the overall market. While these assets can drop more sharply during a crash, they often rebound more aggressively when sentiment shifts. Rajani's strategy focuses on this volatility to capture gains as the market stabilizes.
The broader Indian market has faced pressure from various macroeconomic factors. However, the focus on individual company fundamentals, such as those of PG Electroplast and Puravankara, allows analysts to isolate growth opportunities from systemic market noise.
“Vinay Rajani suggested that both PG Electroplast and Puravankara possess near-term upside potential.”
The recommendation highlights a 'bottom-fishing' strategy where analysts identify undervalued assets during a market correction. By targeting high-beta stocks during a ₹2 lakh crore market cap drop, the analyst is betting that the recovery in these specific sectors will outpace the general index recovery, provided the underlying company fundamentals remain strong.
