Stock market analyst Salil Sharma has maintained 'buy' rating on Mahindra & Mahindra Ltd (M&M) stock to achieve a target of Rs 639.

According to analyst, the interested investors can buy the stock around with strict stop loss of Rs 616.

The stock of the company, on August 31, closed at Rs 626.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 677 and a low of Rs 405 on BSE.

Current EPS & P/E ratio stood at 37.31 and 16.91 respectively.

As per fresh reports, M&M is all set to re-launch its most popular utility vehicle, Mahindra Bolero in the market.

M&M's Bolero is coming near to its tenth anniversary since its introduction in the year 2001.

Moreover, M&M has also decided to strengthen the capacity at its Chakan production facility.

The company said that the rising demand from all sides has forced it to increase its production capacity at its facility.

Moreover, the country's biggest auto maker is eyeing to finish up Ssangyong Motor's acquirement by the next four months.

M&M also said that the Korean auto major will function as its separate division.