Stock market analyst Jatinder Sharma has maintained 'hold' rating on Mahindra & Mahindra Ltd stock with short term target of Rs 658.

According to analyst, the investors can hold the stock with stop loss of Rs 638.

Today, the stock of the company opened at Rs 647.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 655.70 and a low of Rs 373 on BSE.

Current EPS & P/E ratio stood at 34.52 and 18.55 respectively.

Mahindra and Mahindra (M&M) saw an increase of 40.3% in its net profit during April-June quarter of this fiscal.

The company net profit stood at Rs 562.4 crore as compared to Rs 400.9 crore in the same period of 2009-10.

In a major declaration, the company said, "The good financial results for the company this quarter is due to higher volumes, focused cost controls, prudent financial management results in lower interest expenses and fuller realisation of the synergies arising from its acquisition of the erstwhile Punjab tractors limited."

M&M's gross proceeds and other income increased by 20.2 at Rs 5,663.5 crore during the said period as against Rs 4,711.8 crore in the same period of 2009.

The company recorded a 11% growth in its volume sales in UV section.

Moreover, M&M exported 3,125 vehicles as against 1,145 vehicles exported during last year's first quarter.

The company said that it will invest around Rs 8,600 crore by 2014 for a range of purposes, after registering a healthy 40.30% increase in its net profit for the last quarter.