Stock market analysts are of the view that investors can sell Mahindra & Mahindra stock with a target price between Rs 875-860.

According to them, investors can sell the stock below Rs 882 with a strict stop loss of Rs 890.

If the stock fell below Rs 855, it may see more weakness.

Today (Oct 29), the stock opened at Rs 874.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 37.55 and 23.21 respectively. The share price has seen a 52-week high of Rs 981 and a low of Rs 235.50 on BSE.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

Auto manufacturer Mahindra & Mahindra has rolled out a compact truck 'Gio', which is meant for intra-city processes.

'Gio', which costs around Rs 1,650 billion, is aimed specifically at rustic and semi-urban customers.

Pawan Goenka, M&M, President (Automotive Sector), stated that the early production capacity for the compact truck stands at 20,000 units on an annual basis.

He said that the company can easily raise the said capacity to 30,000 units in the short run.

Hyundai Motor India, on Oct 27, has taken Mahindra Renault to the Delhi High Court objecting to the Mahindra Renault plan to unveil a compact car in India under the name `Sandero` alleging that the competitor was seeking to cash in on its well-known brand Santro with a similar sounding product.

HMIL's appeal demands the court not to permit Mahindra Renault to introduce the car under the name Sandero.