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

Auto-maker Mahindra & Mahindra will raise the prices of its products across all categories in January due to increase in commodity rates.

Chandigarh-based Surya Pharmaceutical's subsidiary has acquired US-based over-the-counter analgesic drug manufacturer ActivOn for Rs 99 crore.

Construction Company Punj Lloyd has been awarded a contract for the construction of two commercial buildings within Hiranandani Palace gardens, by Hirco group. The project is a part of Hirco's Panvel special economic zone (SEZ) in Maharashtra, and is expected to be completed in within 24 months.

Economic Updates

IT equipment arriving from China now will face high anti-dumping duty as India has imposed anti-dumping duty of up to 266% on their imports. This move came to guard the domestic industry from cheap Chinese and Israeli shipments. The restrictive duty on import of Synchronous Digital Hierarchy Transmission Equipment would range from 3% to 266% on the CIF (cost, insurance, freight) value of imports.