From confectioneries to accessories: Stocks that are potential best bet on Valentines Day - know what analysts say

From chocolates to roses to accessories, these items see maximum demand on February 14th, which is also termed as the day of love that is Valentine’s Day. In this regard, the analysts believe the stocks related to it such as Titan Company and Nestle India may see a traction as they look good on charts.

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TradeSwift Director Sandeep Jain explains that the demand of confectionery and accessories surge a week ahead and on the Valentine’s Day amid various days that celebrated by the couples to woo and impress each other. This may have direct impact the sale of the stock such as Titan and Nestle India. 

He adds, both the stocks look good on the charts and have huge potential to surge going forward and are good buy for the long-term perspective. Titan is one of the favourite stocks of ace investor Rakesh Jhunjhunwala and a prominent name in the Jewellery and accessories segment.   

Besides, these two stocks the other stocks that may see rise in share price or could be in focus are: Devyani International, Sapphire Foods, Barbeque Nation, Burger King, Jubilant FoodWorks among others wherein the footfalls are likely to rise, the analysts believe. 

“Historically, the bulls and bears have enjoyed Valentine’s Day equally as far as Nifty is concerned. Since 2010, the bulls and bears have 6 positive and negative days each on Valentine’s Day with an average gain of 0.42 per cent,” Birjesh Bhatia Senior Research Analyst at EquityMaster.  

Bhatia have created an Equal Weighted Diamond and Jewellery Stock Index (EWDJSI), these stocks have a market-cap of more than Rs 1,000 crore (as on 9 February 2022). The performance for last 9 years for the EWDJSI on Valentine’s Day is in favour of the bears, he added. 

The index ended on a negative note on 5 years against 4 years for the bulls with an average gain of 0.2 per cent, the analyst at EquityMaster points out. 

Bhatia analysed EWDJSI’s trading at the resistance of a long-term rising channel, which indicates a pause to the short-to-medium term trend. Interestingly, most of these stocks are trading above their medium-to-long term moving average of 50 and 200 days, he added. 

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)