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

Hero Honda Motors Ltd had executed a final binding licencing agreement with Japan's Honda Motor Co. The agreement paves the way for the Japanese company to exit Hero Honda Motors, its joint venture with the Munjals-promoted Hero Group. The agreement pertains to the existing and new products that Hero Honda Motors will offer in the Indian market once the sale of the Japanese firm's stake to Hero Group is concluded.

Bharti Airtel aims to launch 3G wireless services across all its 13 telecoms zones in India by March and expects the premium offering to help stabilise its average revenue per user (ARPU).The largest mobile operator in India, which spent $2.7 billion last year to buy third-generation (3G) radio airwaves in an auction, launched the services in southern Karnataka state, whose capital is the technology hub of Bangalore.

Telecom service provider Reliance Communications today announced to launch 3G services in 12 cities of Rajasthan, including Jaipur within a month.

The country's second largest two-wheeler maker Bajaj said it will add 130 new dealerships by June that will create about 7,000 new jobs.

Natco Pharma plans to seek a compulsory licence from the government to make Bayer AG's Nexavar in India, invoking a provision in local laws that allow generic drug makers to make and sell patented drugs cheaply if the medicine is unaffordable.

Economy Highlights

India's revenue secretary Sunil Mitra said that he expects Asia's third-largest economy's tax-to-GDP ratio to be marginally lower at 10.6% in the current fiscal year to March, from the budget estimate of 10.8% because of inflation.