Stock market analyst Ashwani Gujral has maintained 'buy' rating on Mahindra & Mahindra Ltd stock with short term target of Rs 675.

According to analyst, the investors can buy the stock with stop loss of Rs 615.

Today, the stock opened at Rs 643 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 34.52 and 18.42 respectively.

The share price has seen a 52-week high of Rs 644.90 and a low of Rs 343.50 on BSE.

Mahindra & Mahindra (M&M) declared that its auto sales during the last month surged 20% at 27,562 units as compared to 22,999 units in June 2009.

M&M's domestic sales increased 16.5% to 26,243 units as compared to 22,526 units during the same period of last year.

The company's exports increased 179%.

Regardless of the yearly annual closedown during the first week of last month, the Auto section registered such sturdy numbers.

Mahindra & Mahindra announced that the company was making attempts according to its plans to make entry into the US market, regardless of confronting the claim lodged by its American dealer, Global Vehicles.

Pawan Goenka, Mahindra & Mahindra (M&M) President (Automotive and Farm Equipment) stated, "We are going as per (our) original plan for the launch of the pick-up truck in the US, but can't say on the actual time of launch, as it will depend on the outcome of the litigation."