Short-term picks: M&M Financial & Time Technoplast

M&M Financial Services BUY

MARKET PRICE: Rs 258.65

SHORT TERM TARGET PRICE: Rs 320

MMFSL has a strong presence in rural India with around 436 offices and AUM of about Rs 8,600 crore in FY09. Asset securitisation reduces financing costs and also provides a prominent source of financing. MMFSL's NIM is at a respectable 12.3%. At 1.5x FY11 ABV, we believe valuations are attractive.

Time Technoplast BUY

MARKET PRICE: Rs 42.20

TARGET PRICE: Rs 65

Focus on high margins innovative Polymer-based products like anti spray devices, plastic fuel tanks, auto disable and auto collect syringes, among others. Expansion in battery business. Strong management, robust business model and attractive valuations at 9x FY10 estimated earnings.