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Are these stocks in your portfolio?

Jigar Shah of KR Choksey Securities gives some of his value picks in mid and smallcap stocks that he feels could outperform the broader market over the next 6-12 months.

Jigar Shah of KR Choksey Securities picks Sundram Fasteners, 3i Infotech and Sterlite Optical among stocks

Excerpts from CNBC TV18s exclusive interview with Jigar Shah:

Q: Couple of stocks that you like, the first is Sundram Fasteners, what is the business rationale behind it?

A: Sundram Fasteners is one of the top fastener companies in the world with global presence at many locations including China and is likely to get the biggest advantage of the outsourcing of the auto components from India.

The company has taken lot of steps to basically de-risk itself and get into several other auto components as well.

auto repair manuals

Barricade erected on Hwy 17 in Garden River, car hits it

GARDEN RIVER FIRST NATION - Sault Ste. Marie OPP and Anishinabek Police Service were called to the 300 area of Highway 17 in Garden River this morning. At about 2 a.m officers were called to that area of the highway after a report of a large number of people, possibly under the influence, on and alongside the highway. Officers discovered that a large number of teens had left a party and were congregating alongside the roadway. Two teens were charged with being intoxicated in a public place and the others were asked to make their way home. The two charged people were given transportation to their respective residences. Shortly after the officers left the area with the two drunks, the remainder of the group pulled smaller logs onto the roadway. As the group made their way down the highway they took the plywood garbage boxes at the end of driveways and also put the garbage boxes on the roadway.

streamline refinancing

San Diego to refinance ballpark bonds

SAN DIEGO - A deal has been reached to refinance the bonds used to build downtown San Diego's ballpark that will save the city about $93 million over the next 25 years, it was announced Tuesday.The $156.6 million bond issuance with Bank of America N.A. will save the city about $3.7 million annually over the 25-year financing schedule, according to Mayor Jerry Sanders' office.

San Diego will pay back the bonds at a fixed rate of 4.8 percent, compared to the 7.5 percent previously being charged the city.

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Growing US home loan defaults could be contagious

Pretoria - The increase in home loan defaults in the US could affect the South African housing market and economy, Standard Bank warned in its latest residential property gauge yesterday. It said slower US growth might hamper local exports and commodity prices, which in turn might slow house prices through reduced economic and income growth. In addition, there may be contagion to global housing markets to the extent that investors regard residential property as a single asset class and equity prices may soften if the mortgage lenders and buyers of their securitised assets experienced a further deterioration in their earnings and loss experiences. However, the bank said in the final analysis the fallout in the US subprime mortgage loan market "as it has occurred so far" had little effect on local house prices.