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

Bharti Airtel, India's top mobile phone carrier, repaid debt of $415 million taken for the rollout of third-generation mobile services in the December quarter. The company, 32.2% owned by Southeast Asia's top telecoms firm SingTel, earlier posted a biggerthan- expected 41% in quarterly profit, as interest costs and currency fluctuations weighed.

The country's largest car maker Maruti Suzuki India launched its luxury sedan Kizashi, with an introductory price of upto Rs 17.5 lakh. The car, powered by a 2.4 litre petrol engine, will be imported from parent Suzuki's Japan facility.

Leading Indian FMCG firms, including Dabur and Emami, said that their businesses in Egypt might get an impact due to the ongoing political unrest in the African nation. Already Dabur, which has hair oil production plant in Egypt, has shut operations from yesterday. "If the unrest continues for a longer period of time, there might be some impact. It would be too early to comment on the same," Dabur India Chief Executive Officer Sunil Duggal said.

India's top cigarette maker ITC Ltd, which also makes packaged food, consumer goods and runs hotels, plans to raise packaged food prices by 7-8% because prices of agri-commodities are on the rise. Prices have risen by
30-35% in the past two years and there is also simultaneous rise in freight rates and packaging costs. The company sees its packaged food business growing 14-15% in FY12.

Economy Highlights

The government may knock off the 4% countervailing duty on imports in the forthcoming Budget as part of a set of measures it intends to initiate to tame inflation. A 4% special countervailing, or additional, duty is levied on nearly all imported goods to compensate for domestic levies, such as the value added tax imposed by states and the Central sales tax. The finance ministry had allowed the refund of this special duty to traders of imported goods in September 2007 if the importer had paid the appropriate sales tax or value-added tax.