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.

DIC India Ltd has achieved its target of Rs. 340
First Leasing Ltd has achieved its target of Rs. 92
GEI Industrial Systems Ltd has achieved its target of Rs. 170
Dena Bank has achieved its target of Rs. 108
Ballarpur industries has achieved its target of Rs 43
Visaka Industries has achieved its target of Rs. 180
Aarti drugs has achieved its target of Rs 135
Indoco Remedies has achieved its target of Rs 465, call given at Rs. 388
Riddhi Siddhi Gluco Biols has achieved its target of 258, call given at 216
Ess Dee Aluminium has achieved its target of Rs 520
TNPL has achieved its target of Rs. 115

Corporate Highlights

Engineering and construction firm Gayatri Projects has bagged a Rs 1,130.67 Crore order for widening of roads in Nagaland in consortia with Maytas Infra. The order is for widening of roads in Nagaland, which was awarded by the Government of Nagaland.

India-based Welspun Corp has bought 35% of Australian Leighton Holdings for around $104 million in a bid to build strategic partnership.

NTPC will take over 3,000-odd acres of vacant land from Patratu Thermal Power Station (PTPS) in Jharkhand to set up 1320 mw of thermal power generation capacity at an investment of Rs 6,600 Crore.

Gitanjali Gems is looking at restructuring and plans to raise USD 100-150 million via an 8-10% equity dilution.

Economic Updates

India's domestic oil product sales in November edged up 0.9% as festival season and elections in Bihar supported demand in the expanding economy. Local oil product sales, a proxy for domestic oil demand in Asia's third-largest oil consumer, rose to 11.50 million tonnes in November.

The government Tuesday extended the ban on export of pulses for an indefinite period in a bid to contain food inflation. Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, also decided to allow duty-free import of pulses until March 2012.