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.
TATA Steel has achieved its target of 708

Corporate Highlights

Indian automaker Mahindra and Mahindra will raise vehicle prices by an average 1% in the next 2-3 days. The increase will be across products and has become necessary to offset rising input costs.

India's top engineering and construction company, Larsen & Toubro, has started a restructuring plan to split the conglomerate into nine companies. Each of the nine "independent companies" will manage its own profit and loss account and have a separate chief executive, chief financial officer and human resources head.

In line with an up to Rs 200 hike in fuel surcharge on domestic travel by two private carriers, state-run Air India today increased the same across its domestic sectors by a similar amount. Air India has raised fuel surcharge by Rs 100 for travel up to 750 km and Rs 200 for flights over 750 km.

Travel operator Cox & Kings Ltd expects to close out acquisitions of travel firms in the US and Europe by the end of this fiscal. The tour operator is sitting on liquid funds of over Rs 1,000 Crore predominantly marked for acquisitions.

India's third largest private sector bank, Axis Bank, today announced the launch of AxisDirect, an online trading platform, marking their foray into retail broking business. AxisDirect is a product of Axis Securities and Sales, a 100% subsidiary of Axis Bank.

Economic Updates

The Reserve Bank of India (RBI) is expected to raise key rates by at least 25 basis points by the end of this month to tackle rising inflationary pressures, while analysts expect a total of 75 basis points increase in rates in 2011.Median forecasts for January have been upwardly revised by 25 basis points since the last poll in mid-December as food and fuel prices push up inflation.