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

Indraprastha Gas Ltd posted its unaudited results on Monday with a net profit of Rs 67.19 crore, up 14.02% for the December 2010 quarter as against a net profit of Rs 58.93 crore in the same period a year ago.

Reliance MediaWorks will this week open the first phase of the country's most modern studio that may woo several Hollywood and European filmmakers with its affordable international-standard production facilities.

Anil Ambani-led Reliance Power have signed the power purchase agreement with the state-owned NTPC for its upcoming 100 MW solar power project at Jaisalmer in Rajasthan. Reliance Power signed the Power Purchase Agreement with NTPC Vidyut Vypar Nigam Ltd (NVVNL), a wholly-owned subsidiary of NTPC for its 100 MW Solar Thermal Power Project.

Subex has been awarded a major managed services-cum-license contract worth $12 million by a global telecom service

provider, for its industry leading ROC Data Integrity Management solution. The Managed Services portion is for 3 years and is renewable at the end of that period.

Economic Updates

Union finance minister Pranab Mukherjee said that India has done well in recovering its growth momentum from the impact of global financial crisis and external shocks the country was poised to register a 9% growth by the end the current fiscal . He said that the GDP growth in the first two quarters of 2010-11 had touched 8.9% after an average of 7% in the last two years and hoped that the growth momentum would be retained till the end of the financial year.