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

Hindustan Unilever will soon launch bread spread with high levels of nutritional fats as part of its plan to strengthen its jinxed food portfolio this year with a slew of new products.

Engineering firm Era Infra has achieved financial closure for Rs 1,951 crore Bareilly-Sitapur road project in Uttar Pradesh, awarded to it by the National Highways Authority of India (NHAI)."The 151-km highways project has achieved commitments for the entire debt component of Rs 1,350 crore -- Rs 675 crore each by State Bank of India and Union Bank of India

Bank of Maharashtra has increased its base rate by 50 basis points from 9 per cent to 9.5 per cent with effect from 10 January.

Farm equipment-to-software group Mahindra & Mahindra will invest Rs 3000 crore in Gujarat to step up presence in the hospitality and real estate sectors in the state

Infrastructure major Hindustan Construction Company (HCC) will invest Rs 1,200 crore to set up a renewable energy project in Gujarat in the next two to five years.

Economic Updates

India's annual industrial output in November grew at its slowest in a year and a half, partly on seasonal factors, and the Reserve Bank may stay on course to raise rates later this month to combat inflation. The 2.7% rise was way below the 11.3 per cent annual growth in the previous month and under the median forecast of 6.6%.

India's foreign direct investment (FDI) inflows in services sector dipped by 30 per cent to Rs 9,933 crore( $2.16 billion) during April- October this fiscal, according to the Industry Ministry's latest data. The financial and non-financial services sector had attracted FDI worth Rs 15,087 crore($3.12 billion) during the same period last fiscal.