Investors with 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

Corporate Highlights
Coal India (CIL), the world's largest coal miner, will get Rs 6,200 crore ($1.4 billion) in additional revenue next fiscal year and sees realisations go up 12.5 to 13% from a revision in coal prices. The unexpected price increase from the state-run coal miner sent its shares up more than 12%, but raised concerns of higher burden on customers in the power and metals sectors, already reeling from rising raw material cost.

The government will give full exemption from import duty on spare parts and capital goods for ship owners and ship repair units, Finance Minister Pranab Mukherjee said while presenting the Budget for FY12.

Domestic air travel will cost more from the next financial year with the government raising service tax on it by Rs 50 and Rs 250 for domestic and international journeys respectively.

State-owned oil firms like Oil and Natural Gas Corporation (ONGC) will invest over Rs 74,800 crore in capital expenditure in 2011-12 fiscal, most of it from internal resources. ONGC will invest Rs 30,040.02 crore as against Rs 29,203.80 crore in the current year. All of this would be from the company's internal resources, according to the Budget 2011-12 documents.

The abolition of import duty on stainless steel scrap and a cut in the duty on ferro nickel will lower production cost for stainless steel, a major metal used in making select consumer goods such as kitchen appliances and cars and in construction. The Budget has proposed to cut duty on scrap to 0 from 2.5% and that on ferro nickel to 2.5% from 5%.

Economic Highlights
Driven by good performance of agriculture and services sector, the Indian economy grew by 8.2% in the third quarter of the current fiscal, up from 7.3% in the corresponding period a year ago. According to the data released by the government today, farm sector during the third quarter ending December, recorded a growth rate of 8.9%, up from a decline of 1.6% in the corresponding period a year ago. The services sector, including financing, insurance, real estate and business services during the same period recorded a growth rate of 11.2% as compared to 8.5% during the same period last year