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

Tata Steel has raised Rs 508 crore ($111.8 million) from anchor investors at the upper end of an indicated price range ahead of a public share offering, reflecting investor optimism in the company's prospects in India's fast- expanding economy. Major investors include the Abu Dhabi Investment Authority, Government of Singapore, and investment units of Fidelity, Morgan Stanley, Credit Suisse, Macquarie and ICICI Prudential.

HCL Infosystems has been selected by KELTRON as the leading vendor to provide over 6500 units of laptops and netbooks. Keltron is the nodal agency for supplying the Laptop & Netbook as a part of IT@School project for Government of Kerala.

Coal India Ltd, the country's largest coal producer, will operationalise a new underground mine having a reserve of 20 million tonnes in Jharkhand. They are going to open a new underground mine at Muraidih near Dhanbad in (Jharkhand) which is likely to begin production within three years.

The S&T Mining Company, a 50:50 joint venture between Tata Steel and Steel Authority of India, is set to get coal blocks soon. The JV with SAIL on coal assets is well on track and the company is expected to get coal blocks shortly in eastern region.

Economy Highlights

India's central bank has temporarily relaxed asset classification rules for bank loans to the microfinance sector, a move that it said will allow them to continue lending to the industry. Under the new rules, restructured loans to the microfinance sector, can be classified by banks as standard assets, even though such loans are typically unsecured.