SMC Global Securities has selected Aditya Birla Nuvo and Mahindra & Mahindra Financial Services as technical picks with a time horizon of 1-2 months.

Commenting on the technical rationale on Aditya Birla Nuvo, SMC Global said, 'The company is planning to make investment in promising sectors, building leadership in businesses and develop a platform to drive synergy of resources. Most of the businesses are contributing to the profitable growth of the company and are competitively well positioned.

Going forward, the thrust is on capturing growth opportunities across the businesses to achieve the next higher level of growth. Thus, it is expected that the stock will see a price target of Rs 2,332 in 8 to 10 months time frame on one year average P/E of 17.69x and FY16 (E) earnings of 131.84.''

While commenting on Mahindra & Mahindra Financial Services, the stock broker said, 'The company expects the key growth driver, going forward, will be increased in penetration levels of cars, utility vehicles, increase in dealership and access to finance etc.

Moreover the company will continue to grow aggressively in terms of branches and dealer network, thus, it is expected that the stock may see a price target of Rs 343 in 8 To 10 months time frame on target P/BV of 2.9x and FY16 (E) BVPS of Rs 118.23.''

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.