Buy Mahindra & Mahindra With Stop Loss Of Rs 745

Buy Mahindra & Mahindra With Stop Loss Of Rs 745Technical analyst Brijesh Singh of India Advantage has maintained 'buy' rating on Mahindra & Mahindra Limited stock with a target of Rs 790.

The analyst said that the investors can buy the stock with a stop loss of Rs 745.

The shares of the company, on April 20, closed at Rs 763 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 501 on BSE.

Current EPS & P/E ratio stood at 42.04 and 18.08 respectively.

Mahindra & Mahindra (M&M) has rolled out its 15 HP tractor, Yuvraj 215, in the city of Pune.

Priced at Rs 1,81,000, the newly launched tractor guarantees a maximum speed of 25.6 kmph and haulage capacitance of 1.5 tonne.

Yuvraj 215 is being fabricated at M&M's Rajkot plant with a production capacitance of 16,000 tractors annually.

In a declaration, M&M General Manager Special Projects (Farm Equipment Sector), Mr. Sudhir Shah, stated, "With the launch of Yuvraj tractor in Maharashtra, we expect to see a change in the dynamics of the agriculture community. Yuvraj enables the small farmer to own a tractor and benefit from mechanisation, thus helping him boost his productivity."

In addition, Mahindra & Mahindra (M&M) is making discussions with Japanese major Mitsubishi for an international strategic pact to source farm equipment products comprising tractors as it looks to swell attendance in major markets all over the world.