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.

Corporate Highlights - Tata Motors announced that it will increase the prices of select passenger vehicles as well as utility vehicles from April 1, 2011. In passenger cars segment, depending upon the model, Indica prices will go up by Rs 7000 to Rs 9000, Vista and Indigo CS by Rs 8000 to Rs 11000 and Manza by Rs 10,000 to Rs 15,000. In utility vehicles segment, depending upon the model, Sumo prices will go up by Rs 13000 to Rs 15,000, Grande by Rs 16,000 to Rs 19,000, Safari by Rs 18,000 to Rs 29,000, Aria by Rs 30,000 to Rs 36,000 and Venture by Rs 9000 to Rs 12,000.

• Real estate developer Ansal Properties & Infrastructure has sold nearly 3 million sq ft of space worth Rs 294 crore in February across various places in the country. The company received highest bookings for 1.49 million sq ft in its largest township, Sushant Golf City, in Lucknow. Another township 'Esencia' in Gurgaon contributed 0.07 million sq ft to its total sales booked in last month.

• Anil Ambani group company) Reliance Communications (RCom has added 3.3 million wireless subscribers in February this year, taking its total customer base to over 132.2 million. The company added 3.3 million wireless subscribers on its GSM and CDMA platforms in the month of February 2011.

• Tata Group firm Titan Industries (TIL) will enter Indonesia by July as a part of overseas expansion plans, besides enhancing domestic retail presence by setting up about 250 new stores in next fiscal.

• Corporate giants like Reliance Power and Tata Power-SN Power joint venture have been allotted hydropower projects in Himachal Pradesh. However, other companies like Larsen and Toubro (L&T), Essar Power, Moser Baer and GVK Energy did not get any project.

• The stalemate over Cairn-Vedanta deal has eased with the market regulator of India, SEBI (Securities and Exchange Board of India) giving approval for the same. But the government is yet to approve of the deal with the cabinet decision pending over the royalty issue.

Economic Highlights

• India's foreign exchange reserves declined by $755 mn to $301.84 bn on the back of a reduction in foreign currency assets (FCAs). The reserves had surged $ 1.8 bn the week before to $ 302.59 bn. FCAs, the biggest component of the foreign reserves, declined by $ 705 million for the week ended March 11, the Reserve Bank said in its weekly data released. The gold reserves were unchanged at $ 22.14 bn at the end of the reporting week.