Short Term Recommendation

BUY M M FORGINGS LTD. CMP TARGET 140 COMPANY INFO: The company is engaged in the manufacturing of steel forgings. The Company manufactures and exports steel forgings in raw, semi-machined and fully machined stages in various grades of carbon, alloy, micro alloy and stainless steels in the weight range of 0.20 kilogram to 60 kilograms. As of March 31, 2010, the Company's installed and production capacity (on 600 shift basis) was 38,820 and 33,320 metric tons of steel forgings, respectively. The Company has a wholly owned subsidiary, Srivatsa Electric & Electronic Limited