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

Tulip Telecom has acquired a data center facility in Bangaluru by purchasing 100 per cent shares of SADA IT Parks Private Ltd for Rs 230 crore. The company said that the move will further strengthen its end to end data services offering.

Jindal Group-owned Jindal Saw Ltd, a leading producer of Saw pipes, filed with the Bombay Stock Exchange (BSE) a release that stated the company had bagged orders worth Rs 700 crore. The orders have been received for supply of large diameter pipes (Helical pipes) for the export markets in the Far Eastern region.

Lighting products and steel pipe manufacturer Surya Roshni has decided to expand its product portfolio due to rise in global and domestic demand."Surya Roshni is gradually adding section pipe (square/rectangle) with full size and ranges, in its product portfolio," the company said in a statement.

Anil Ambani-led Reliance Communications has raised $255 million (about Rs 1,155 crore) by way of external commercial borrowing to partly refinance payment made for acquiring 3G spectrum. The loan is funded by a consortium of banks led by Australian and New Zealand Banking Group Ltd, BNP Paribas, Credit Agricole Corporate and Investment Bank, DBS Bank Ltd and Intesa Sanpaolo Spa.

Nagarjuna Construction Company Ltd (NCC) it has acquired, through its subsidiary NCC Power Projects Ltd (NCC PPL), 55% equity stake of Nelcast Energy Corporation Ltd (NECL). NECL is developing a 1320 MW Thermal Power Project at KrishnaPatnam in Nellore district of Andhra Pradesh.