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

HDFC BANK
Larsen & Toubro Limited
Bhushan Steel
McNally Bharat
Sangam India Ltd
Sutlej Textiles Ltd
UTV Software Ltd
Nahar Spinning Mills Ltd
Dena Bank Ltd
JK Paper Ltd
Biocon
Axis Bank
BHEL
SAIL
Coal India
Garware Polyester Ltd
Banswara Syntex Ltd
RSWM Ltd
MphasiS Ltd
GEI Industrial Systems Ltd
Ballarpur Industries Ltd
Visaka Industries
STATE BANK OF INDIA
Aurobindo Pharma Ltd
TATA Steel
HCC
TT Ltd
Orient Ceramics Ltd
Genus Power Ltd
Allied Digital Services Ltd
TNPL
Arti Drugs
Munjal Showa
ICICI BANK
TRIL
JSW Steel
KPR Mills
Kajaria Ceramics Ltd
Shivam Autotech Ltd
United Phosphorus Ltd
DIC India Ltd
Indoco Remedies Ltd
Monnet Ispat
Jindal Saw Ltd

TATA Steel has achieved its target of 708

Corporate Highlights
Steel Authority of India (SAIL) will invest $12 billion to set up steel plants in Indonesia, Oman, Mongolia and South Africa. The plants would produce three million tonne (MT) of steel each.

Punj Lloyd’s subsidiary, Punj Lloyd Infrastructure Limited, has bagged an order worth Rs 735 crore from the National Highways Authority of India (NHAI). The subsidiary, which has been set up for implementing infrastructure development projects, will upgrade the national highway from Khagaria to Purnea in Bihar to a two-lane, undivided carriage way with paved shoulders under the National Highways Development Programme (NHDP).

BP has entered into a "transformational" oil and gas partnership with Reliance Industries Limited (RIL), which involves the British oil major paying $7.2 billion to the Indian company. Under the terms of the deal, BP will take a 30% stake in 23 oil and gas blocks and form a 50:50 joint venture between the two companies for the sourcing and marketing of gas.

After wrangling with the coal ministry over green concerns, the environment ministry has cleared eight more CIL projects that have been stalled for about a year. The development comes close on the heels of Environment Minister Jairam Ramesh softening his stance on "no go" status for coal blocks falling in environmentally sensitive areas during the meeting of a Group of Ministers (GoM) on Coal last week, where he assured that he will be "positive" towards infrastructure projects.

Economic Highlights
The government could free diesel prices once headline inflation eases to 6%, C Rangarajan, the prime minister's top economic adviser said on Monday. The government expects headline inflation to ease to 7% by March, from 8.23% in January. Raising diesel prices is a political hot potato in India as it accounts for a third of the country's fuel demand. Deregulation of petrol prices in June sparked off political protests against the Congress-led coalition government.

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Castrol India
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