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.

DIC India Ltd has achieved its target of Rs. 340
First Leasing Ltd has achieved its target of Rs. 92
GEI Industrial Systems Ltd has achieved its target of Rs. 170
Dena Bank has achieved its target of Rs. 108
Ballarpur industries has achieved its target of Rs 43
Visaka Industries has achieved its target of Rs. 180
Aarti drugs has achieved its target of Rs 135
Indoco Remedies has achieved its target of Rs 465, call given at Rs. 388
Riddhi Siddhi Gluco Biols has achieved its target of 258, call given at 216
Ess Dee Aluminium has achieved its target of Rs 520
TNPL has achieved its target of Rs. 115

Corporate Highlights

Lanco Infratech has emerged as successful bidder for two-laning of Aligarh to Kanpur section of NH 91 from 140 km to 418.16 km on toll basis of National Highway Authorities of India (NHAI). The project involves two-laning with paved shoulders of existing road, repair, widening and reconstruction of 3 major and 29 minor bridges, construction of 5 new rail over-bridges, 4 toll plazas and other wayside amenities.

HCL Infosystems has announced the signing of the Share Purchase Agreement (SPA) to acquire 20% equity stake in Techmart Telecom Distribution FZCO, a Dubai-based partner of Nokia Corporation through its Singapore-based SPV.

State Bank of India has decided to reduce interest rates to 10-10 .5% for setting up high value dairy, poultry, horticulture projects and construction of warehouses, rural godowns and cold storages. Earlier the bank card rate was in the range of 12.10-14.85%

Economic Updates

Food inflation surged to a 10-week high of 14.44 per cent for the week ended December 18 as prices of vegetables, particularly onions, fruits, cereals and protein-based products, continued to escalate. Food inflation stood at 12.13 per cent in the previous week. Overall inflation for November was at 7.48 per cent, down from 8.58 per cent in the previous month.