Stock market analyst Salil Sharma has maintained 'buy' rating on Mahindra & Mahindra Ltd stock with short term target of Rs 680.

According to analyst, the investors can buy the stock with stop loss of Rs 648.

The analyst also said that the investors can achieve the said target in 4-5 trading sessions.

Today, the stock of the company opened at Rs 677 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 669.75 and a low of Rs 373 on BSE.

Current EPS & P/E ratio stood at 37.31 and 17.61 respectively.

The company's Farm Equipment Sector (FES), a part of the $7.1 billion Mahindra Group, continued its top spot in the tractor business during the last month (2010).

Total tractor sales, domestic as well as exports, during the last month surged 14% to 14,592 units as compared to 12,850 units during the corresponding period of 2009.

For April to July period, the company's total cumulative sales (domestic and exports) stood at 64,740 units as against 56,235 units in the like period of 2009.

During Apr-June period, Mahindra and Mahindra (M&M) recorded an increase of 40.3%in its net profit, which stood at Rs 562.4 crore as against Rs 400.9 crore in the corresponding period of 2009-10.

M&M recorded a growth of 11%in its volume sales in UV segment.