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

Tata Steel has decided to raise long-term funds of up to $1 billion by a way of share sale through the Differential Voting Rights (DVR) route. The company has mandated Standard Chartered Bank, HSBC Holdings, Deutsche Bank, RBS and Kotak Mahindra Capital to manage the share sale. The company will raise up to $1 billion via DVR route.

State-run Oil and Natural Gas Corp has agreed to raise stake in Pawan Hans Helicopters to 49 percent from 21%.

India's second largest realty firm Unitech promoters have increased their stake in the company by 1.18% to 48.57% by converting warrants worth Rs 224.7 crore

Union Bank of India is expecting funds worth Rs 1,150 crore from the government by March 2011 to boost its tier I capital.

Hindustan Dorr Oliver Ltd gets three orders worth about Rs 135 crore in their Minerals and Water Sector. An order worth Rs 63 crore has been received from the Government of India, Heavy Water Board, Mumbai for designing, engineering and manufacturing at the Department of Atomic Energy with a completion period of 16 months.

Economic Updates

Majority of manufacturing sectors in India are estimated to clock double digit growth in production during April-December' 10 over the year-ago period, strengthening signs of revival in the industry according to CII. As many as 72 out of 127 manufacturing sectors are likely to close the nine months period ending December 31 with over 10% growth compared to just 56 such sectors in the corresponding period last year.