Stock Recommendations: 6

Genus Power Infrastructures
Cluster: Ugly Duckling
Recommendation: Buy
Price target: Rs643
Current market price: Rs385

Price target revised to Rs643
Genus Power Infrastructure Ltd (GPIL) has bought a 6 mega watt (MW) power generation plant from Genus Power Products Ltd (GPPL). Subsequently, the shareholders of GPPL would receive one fully paid-up share of GPIL for every 60 fully paid-up shares of GPPL currently held by them.

ICICI Bank
Cluster: Apple Green
Recommendation: Buy
Price target: Rs1,528
Current market price: Rs757

Clarification on difference in reported margins
With a view to allay concerns over the difference in margins reported by ICICI Bank, India and the Prudential group UK, ICICI Bank had arranged a conference call to provide clarification.