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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

Revenues grew 7.7%QoQ, higher than other large Indian IT vendors. Pricing witnessed positive surprise, onsite and offshore pricing grew 1.5%QoQ and 2%QoQ respectively.

Strong revenue growth, stable operating margins: Cognizant reported revenue growth of 7.7%QoQ (45.2%YoY) to USD1,311mn for Q4CY10, outperforming its guidance of USD1,270mn. This was led by strong volume and a positive surprise in pricing. Net income surged 43.2%YoY to USD206mn (1.2%QoQ).

Technical analyst Alpesh Furiya maintained 'sell' rating on Tata Steel Limited stock with four-day targets of Rs 595 and 575.

According to analyst, the interested investors can sell the stock with a stop loss of Rs 640.

The analyst added that the stock is looking weak at the moment so it is advantageous to sell it at this time.

Today, the stock of the company opened at Rs 1584 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 737 and a low of Rs 448.65 on BSE.

Bhushan Steel's Q3FY11 revenue at Rs19.4bn grew 36% YoY due to 30% surge in sales volume to 467kt, mainly on sale of 94kt of HRC from under-trial Orissa phase-II (1.9mntpa HRC). Operating profit rose 38% YoY to Rs5.4bn with OPM expanding 36bps to 27.7% as Bhushan met ~50% of HRC requirement captively. PAT rose 23% YoY to Rs2.8bn as interest, depreciation cost remained low pending capitalisation of Orissa phase-II.

Technical analyst Anil Singhvi maintained 'sell' rating on Idea Cellular Limited stock with a target of Rs 64.

According to analyst, the investors can sell the stock with a stop loss of Rs 70.

Mr. Singhvi added that it's better to sell the stock in today's session as there are full chances of decline.

Today, the stock of the company opened at Rs 66.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 79.90 and a low of Rs 49.80 on BSE.

Current EPS & P/E ratio stood at 2.70 and 24.43 respectively.