Stock market analyst Pradeep Surekha has maintained 'hold' rating on Mahindra & Mahindra Ltd stock.

According to analyst, the investors can hold the stock with stop loss of Rs 590.

Today, the stock of the company opened at Rs 625 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 641.80 and a low of Rs 343.50 on BSE.

Current EPS & P/E ratio stood at 34.52 and 18.34 respectively.

Mahindra & Mahindra (on June 17) together with its arm MOICML (Mahindra Overseas Investment Company Mauritius), Arabia Holdings and Ras Al Khaimah Transport Investments inked a deal to form a JV company in the Emirate of Ras Al Khaimah in United Arab Emirates for armoring of vehicles.

M&M, via its arm, Mahindra Defense Systems (MDS) has over the last six years got hold of a leading position in the country in the area of vehicle armoring and brings to JV its substantial experience in the design and growth of ballistic kits for vehicle protection.

Arabia Holdings has diverse business presence in United Arab Emirates in the business of transportation, logistics and property.

Ras-Al-Khaimah Transport Investments has been set up by the Ras-Al-Khaimah Transport Authority for signing up partnership deal with Mahindra and Arabia in JV.

The joint venture will fulfill the requirements of the high potential market zones of West and Central Asia plus Africa.

The JV would roll out various MDS armored vehicles like the Marksman, the up armored Scorpio, cash in transit van, etc that have been very successful in the Indian market.