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
TATA Steel has achived its target of 708

Corporate Highlights

Larsen & Toubro (L&T), India's leading construction and engineering company, bagged orders worth Rs 1,103 crore in its Railway Business Unit from from power plant developers for construction of 'Merry-Go-Round' Systems and construction of railway lines to link power plant sites to the main line rail network. The orders include a Rs 365-crore order from Maithon Power Ltd, a joint venture of Tata Power and Damodar Valley Corporation, for construction of 21 km rail link in Maithon, Jharkhand.

RPG group firm KEC International has bagged three substation orders worth Rs 980 crore from Kazakhstan Electricity Grid Operating Company (KEGOC) and Power Grid Corporation of India (PGCIL).

JSW Steel Ltd, India's No. 3 producer of the alloy, has raised prices by Rs 1,400-1,700 a tonne, or 4-5%, across various grades. The price increases, which are in line with rising input costs, will take effect immediately.

Economic Updates

India's exports in November rose by 26.5% to USD 18.8 billion on year-on-year basis, prompting the government to exude confidence that the outbound shipments will touch USD 215 billion this fiscal. Last November the exports stood at USD 14.9 billion. Imports grew by 11.2 per cent in November to USD 27.7 billion. The trade balance in the month was USD 8.9 billion.