Market outlook Fortune is created in a bear market, while wealth is made in a bull market, you just don't realize it at the time. 👉tensions between the US and Europe after Donald Trump's tariff plans sparked threats of retaliation. 👉 investors will keep an eye on the minutes of the US Federal Open Market Committee (FOMC) policy meeting held in January 👉 The world will also be watching the possible peace talks between the US, Ukraine, and Russia in Saudi Arabia in the coming days. 👉 focus will be on the balance of trade data for January that's due on February 17, followed by the HSBC Manufacturing and Services PMI flash numbers for Feb Technically, incase of rebound, the index may face resistance at 23,250, followed by 23,600, but in case the index breaches 22,900, 22,750 is expected to be the immediate support, followed by 22,600-22,500 Broker radar 📌Citi has maintained BUY rating on ICICI Bank shares for a target price of Rs 1,600. Focus on profitable, risk adjusted growth, unsecured segments to gather pace gradually. No unusual stress in any segments. Corporate, SME< secured retail resilient. Sees room for cost efficiency 📌Citi has maintained BUY rating on Indus Towers shares for a target price of Rs 490. Growth outlook for next 1-2 years is positive. Driven by new rollouts by Vodafone Idea, Bharti Airtel. FY2026 tenancy growth at 15 per cent post-acquisition of 16k towers. Strong FCF generation should enable dividend to be paid out in Q4. EV charging would be large annuity B2B model. 📌Citi has maintained BUY rating on PI Industries for a target price of Rs 4,400. Should deliver single digit growth in agrichemical export business. Has commercialised 23 new molecules over last 3-4 last years. Global destocking is nearing completion. Working on 3 new projects for long-term revenue in pharma CDRMO 📌Citi has maintained BUY rating on IGL shares for a target price of Rs 250. Volume and margin guidance reiterated. Expect CNG price hike in Delhi in coming weeks. Post APM cut, allocation gas supply mix is now comfortable. Doesn't foresee a significant threat from EVs given weak economics. 📌CLSA has maintained OUTPERFORM rating on IndusInd Bank shares for a target price of Rs 1300. It said that IndusInd Bank's stress lower than peers. 📌CLSA has maintained OUTPERFORM rating on Bandhan Bank shares for a target price of Rs 220. It said that Bandhan Bank's stress lower than peers. 📌Jefferies has maintained BUY rating on Amber Enterprises shares for a target price of Rs 8,845. Domestic AC industry could grow +30% YoY. Led by strong Q1 summer cha channel filing in Q2, Q3. Electronics business-imposition of anti-dumping duty in PCBs led to new customers. Mobile growth impacted due to order delays. FY24-27 expect margin accretive components CAGR-35% to outpace AC-22%. 📌Jefferies has maintained BUY rating Samvardhana Motherson shares for target price of Rs 165. EBITDA margins come above estimates. Global auto environment remains challenging. Company is expanding its exposure to non-auto segments such electronics and space. Finding inorganic opportunities at attractive valuations. Cut FY25 EPS by 9 per cent. Stocks in news 🗞️ 👎Cupid | Net profit up 24.5% to Rs 11 crore versus Rs 8.9 crore. Revenue up 15.7% to Rs 46.4 crore versus Rs 40.1 crore. EBIDTA down 6.7% to Rs 11.3 crore versus Rs 12.2 crore. Margin to 24.5% versus 30.3%. 👎Easy Trip Planners | Revenue down 6.4% to Rs 151 crore versus Rs 161 crore. Ebitda down 21.4% to Rs 47.7 crore versus Rs 60.7 crore. Margin to 31.7% versus 37.8%. Net profit down 26.3% to Rs 33.6 crore versus Rs 45.6 crore.   👎Jamna Auto | Revenue down 7% to Rs 562.5 crore versus Rs 604 crore. Ebitda down 10.6% to Rs 77.1 crore versus Rs 86.3 crore. Margin to 13.7% versus 14.3%. Net profit down 20.2% to Rs 43.8 crore versus Rs 54.9 crore 👍BHEL | State-run engineering giant announced a significant contract win, securing an order worth ₹6,700 crore from Singareni Collieries Company (SCCL) to establish an 800 MW thermal power unit in Telangana. The contract, awarded on an Engineering, Procurement, and Construction (EPC) basis, covers the design, engineering, manufacturing, supply, erection, commissioning, and civil works for the project. 👍UFLEX | Revenue up 12.8% to Rs 3,735 crore versus Rs 3,310 crore. Ebitda up 37% to Rs 454 crore versus Rs 332 crore. Margin at 12.2% versus 10%. Net profit to Rs 137 crore versus a loss of Rs 67 crore. 🤙Samvardhana Motherson | The company reported a strong set of Q3FY25 results, with profit soaring 62% year-on-year (YoY) to ₹879 crore, driven by steady revenue growth and improved operational efficiency. The company's revenue rose 8% YoY to ₹27,666 crore, though slightly below estimates of ₹29,371 crore. EBITDA grew 13% YoY to ₹2,687.4 crore, broadly in line with estimates of ₹2,698 crore, while margins expanded to 9.7% from 9.2% a year ago, surpassing expectations of 9.2%. 👎RVNL | State-owned company reported a 13.1% year-on-year (YoY) dip in net profit at ₹311.6 crore for the third quarter that ended December 31, 2024. In the same period in FY24, the company saw a net profit of ₹358.6 crore. Revenue fell 2.6% to ₹4,567.4 crore against ₹4,689.3 crore in the year-ago period. At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortisation) was down 3.9% YoY to ₹239.4 crore in Q3FY25 over ₹249 crore. 👍Glenmark Pharma | The company reported a net profit of ₹347.9 crore for Q3FY25, recovering from a net loss of ₹351.3 crore. Revenue from operations surged 35.1% to ₹3,387.6 crore against ₹2,506.7 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA zoomed to ₹600.3 crore in the third quarter over a loss of ₹208.7 crore in the year-ago quarter. 👎Aditya Birla Fashion | The company reported a net loss of ₹51.3 crore for the third quarter of FY24, narrowing from a loss of ₹77.9 crore in the same period last year, as revenue and profitability improved. The company’s revenue from operations grew 3.3% year-on-year to ₹4,304.7 crore, compared to ₹4,166.7 crore in Q3 FY23, driven by steady demand across its portfolio of brands. 👎Utkarsh Small Finance Bank | The bank reported a net loss of ₹168 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Utkarsh Small Finance Bank posted a net profit of ₹116 crore, the bank said in a regulatory filing. Net interest income (NII) dipped 0.5%, coming at ₹480 crore against ₹482 crore in the corresponding quarter of FY24. 🤙Narayana Hrudayalaya | Healthcare provider Narayana Hrudayalaya Ltd on Friday (February 14) reported a 2.6% year-on-year (YoY) growth in net profit at ₹192.9 crore for the third quarter that ended December 31, 2024, up from ₹188 crore in the year-ago period. Revenue from operations increased 13.5% to ₹1,366.6 crore against ₹1,203.7 crore in the corresponding period of the preceding fiscal. 👎Dish TV India | Direct-to-Home operator reported a net loss of ₹46.5 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Dish TV posted a net loss of ₹2.8 crore. The company's revenue from operations fell 21% to ₹373 crore against ₹472.3 crore in Q3FY24. At the operating level, EBITDA tanked 32.8% to ₹122.6 crore in the third quarter of this fiscal over ₹182.5 crore in the year-ago quarter. 👍Zydus Lifesciences | The company announced the successful completion of a US Food and Drug Administration (FDA) surveillance inspection at its API (active pharmaceutical ingredient) manufacturing facility in Ambernath, Maharashtra. The inspection, conducted from February 10 to 14, 2025, concluded with no observations. 👍Dr Agarwal’s Health Care | For the quarter ended December 31, 2024, the company reported a 29.5% year-on-year (YoY) growth in revenue from operations, which reached ₹431 crore. The growth was driven by a 34.5% increase in revenue from India operations, which amounted to ₹390 crore. Revenue from mature facilities grew by 16.6% to ₹291 crore. EBITDA grew by 26.3% YoY, reaching ₹128 crore with an EBITDA margin of 28.8%. Profit after tax (PAT) rose 25.0% YoY to ₹28 crore, with a PAT margin of 6.4%. 👎Shriram Finance | The Reserve Bank of India (RBI) said it has imposed a monetary penalty of ₹5.80 lakh on Shriram Finance Ltd for non-compliance with key regulatory provisions, including the RBI’s Know Your Customer (KYC) guidelines and credit information reporting norms. According to the RBI, Shriram Finance failed to establish a system for periodic risk categorisation of accounts, did not include mandatory clauses in agreements with certain direct sales agents regarding RBI’s inspection rights, and did not furnish required corporate relationship data to credit information companies for the financial year 2022-23. 👎MTNL | State-owned telecom operator reported a net loss of ₹836 crore for the third quarter of FY25, compared to a loss of ₹839 crore in the same period last year. The company’s revenue from operations declined 11.6% year-on-year to ₹170 crore, down from ₹192.2 crore in Q3 FY24, reflecting ongoing challenges in the telecom sector. 👍Zen Technologies | Defence training solutions firm Zen Technologies Ltd on Saturday (February 15) announced strategic investments in Vector Technics Private Ltd and Bhairav Robotics Private Ltd. With these acquisitions, Zen Technologies expands beyond combat training into advanced defence technologies, strengthening its ability to deliver integrated solutions for armed forces worldwide.