TVS Motors among 4 stocks to buy on Valentine’s Day

Technically, Indian Hotels, on the daily chart, has been taking support near Rs 310 to 300 price range and is seen moving upward from that range. The stock is currently trading above 20, 50 and 100 day EMA suggesting strength in the short term. Based on this structure, Choice Broking has recommended a “Buy” for the stock from a medium to long term perspective.

has formed base around Rs 260-262 level on the weekly chart and additionally, in daily chart, the price is sustaining above 20 and 50 DMA suggest bullishness in the counter. Based on price action, the brokerage suggested a long position at current market price Rs 274 or near to Rs 268-270 zone for the target of 290-300. Stop loss can be kept as Rs 258.

TVS Motors is currently trading at Rs 1,069 and is trending upward while maintaining trendline support. For the past five months,

has seen good price and time consolidation and is currently fluctuating between Rs 975 and 1175, the brokerage said, adding that the stock can be bought around Rs 1,069 zone and adding till Rs 1,040 with a target of Rs 1,170–1,210. Below Rs 1,010 levels, Choice Broking said the view will be negated.

Meanwhile, Bector Foods has strong support near Rs 485, which is also the 20-day moving average. The stock is currently trading above all 20, 50, and 200 Day EMAs, indicating its strength. Choice Broking has recommended buying the stock at the CMP of Rs 534. Further, it can also be accumulated near Rs 515 levels with a medium-term target price of 600. “If the price closes below 485, the analysis will be considered invalid,” the brokerage said.

Around Valentine’s Day, analysts are bullish on consumption as a theme as increased consumer spending would spur sales for consumption-based growth-oriented stocks.

“If we look at consumption as a theme for investing. Indian consumption has grown faster than GDP over a couple of years. The lifestyles of Indians are changing and have become more aspirational as information becomes more widely available through various social media platforms,” said Vivek Bajaj of StockEdge.”Millennials have grown up in a more urbanized India with a healthy economic environment. As a result, they differ from previous generations in terms of lifestyle choices, consumption patterns, a strong desire for convenience, and brand preferences. As far as Valentine’s Day is concerned, of course, it’s a big plus point. The reason is India celebrates almost all festivals and such events with the same level of zeel,” Bajaj added.

Shruti Jain of Arihant Capital says India is catching up with the West with Valentines day’s consumerist propaganda and the “love economy” is growing in India.

“Consumption being one of the biggest investing themes in the country. Romantics across the country aren’t shying away from spending on everything from flight tickets to hotel stays, dining and jewellery during Valentine’s day. In fact, millennials and GenZ are even resorting to borrowing from fintech platforms to celebrate the day of love,” Jain said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)