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
Tata Steel plans to install a new line to double the slitting capacity of its service centre at Gelsenkirchen, in Germany. Service Centre Gelsenkirchen GmbH currently operates one slitter and one cut-to-length line and the output is largely destined for the automotive industry. The second slitting line, together with the associated expansion of the Gelsenkirchen site, will cost 8.6 million euros. The new line will have a capacity of 140,000 tonne per annum, almost double the site's existing slitting capacity. The new slitter will be able to process coil in thicknesses of 0.4-4mm and widths up to 1,650mm, with maximum yield strength of 1400N/mm2.

India's largest telecom company, Bharti Airtel, launched its 3G services in Mumbai. The company already launched 3G services in Bengaluru, Chennai, Coimbatore, Mysore, Manipal, Udupi, Jaipur and Delhi NCR. Airtel will launch its 3G services in all 13 circles where it has obtained licences by March 2011.

India's Bharat Petroleum Corp (BPCL) aims to buy more oil from Saudi Arabia and other countries in 2011/12 to feed its expanded capacity and hedge against supply worries due to unrest in Libya and a payments dispute with Iran. India's No. 3 refiner plans to import 120,000 barrels per day (bpd) of oil from Saudi Arabia in the next fiscal year beginning April versus an estimated 80,000 bpd this year.

Hero Investments has agreed to buy Honda Motors Ltd's 26% stake in Hero Honda Motors for around $851 million in a deal that will see the Japanese automaker exit its joint venture in India after more than 26 years. Hero Investments is buying the stake at Rs 739.97 a share.

Steel major JSW Steel reported an 8% growth in crude steel production at 5.41 lakh tonne in February compared to the same month last year. In February 2010, the company had produced 5.02 lakh tonne. The production of rolled products (flat) also surged, witnessing a growth of 47.33 per cent at 4.42 lakh tonne against 3 lakh tonne in February 2010. However, its production in rolled products (long) declined by 22% to 0.75 lakh tonne compared to 0.96 lakh tonne in the corresponding month last year.

Economic Highlights

The country aims to add about 15,000 MW power generation capacity in the current financial year, taking the total capacity to over 1.75 lakh megawatt by the end of this month. "We have already added about 10,460 MW by now (April- February) and hope to exceed 15,000 MW by the end of this (fiscal) year. This will be the highest capacity addition in any year," Power Minister Sushil Kumar Shinde said. However, this will be less by about 5,000 MW against the target of adding power generation capacity of 20,359 MW in 2010-11 and for the fourth consecutive year of the 11th Five Year Plan the country would miss the targets.

Exports from the Special Economic Zones (SEZs) in the first three quarters of the FY11 posted a growth of 46.7 %YoY to Rs. 2.23 lakh croreAs on December 31, 2010, an investment of Rs. 1.95 lakh crore has been made in SEZs and the total direct employment in SEZs is 6,44,073 persons.