Investors with a horizon of 6-12 months can consider following scrips for their investment. These companies have potential to give higher returns than index over a long term.

TATA Steel has achieved its target of 708

Corporate Highlights

JSW Steel plans to infuse Rs 3,800 crore in Ispat industries in the next 2-3 years. The country's third largest steel maker JSW Steel had acquired nearly 45% stake in debt-ridden Ispat Industries for Rs 2,157 crore in December last year

IT hardware firm HCL Infosystems has received a contract from Kerala State Electronics Development Corporation (Keltron) for providing laptops and netbooks to the state government's IT@School project. "HCL Infosystems has been selected as the leading vendor to provide over 6,500 units of laptops and netbooks.

With rubber prices going up, tyre manufacturer JK Tyre & Industries has decided to hike price of its products by two to four per cent. The price revision in the range of two to four per cent would be made effective from the last week of this month across the country.

Realtor Parsvnath Developers expects to cut net debt to Rs 700 crore by December as revenues from projects start to flow in tack with a bounce back gathering steam after a slowdown.

Triveni Engineering & Industries Ltd has signed an agreement with US-based Lufkin Industries Inc to extend its licensing agreement by another 12 years. The firm, which is into manufacturing engineered-to-order ( ETO )) mechanical equipment, such as steam turbines and high speed gears, among others, besides sugar, said it expects its gears business to grow substantially after inking the new agreement.

Economic News

The Reserve Bank of India (RBI) chief said the country is facing surging inflation and it needs to calibrate monetary policy in order to manage inflation and also support growth. The RBI will hold its quarterly monetary policy review on January 25, when it is widely expected to raise rates by at least 25 basis points. The RBI is seen raising rates by a total of 75 basis points in 2011.