Technical analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Mahindra & Mahindra Limited stock with a target of Rs 805.

Mr. Zaveri said that the stock can be bought with a stop loss of Rs 760.

The analyst said suggested that the said target can be attained if the investors hold the stock for 1-2 trading sessions.

The stock of the company, on December 30, closed at Rs 775.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 475.55 on BSE.

Current EPS & P/E ratio stood at 39.73 and 19.62 respectively.

Mumbai-based auto manufacturer Mahindra & Mahindra Ltd stated that it will roll out a new premium-end pick-up truck during the first half of 2011.

The company presently has 5 pick-ups in its commercial vehicle range, which begins with the Maxximo, Gio, 3-wheeled Alfa and Champion models, and is led by the Bolero-based Maxx 1.2 tonne pick-up.

The company with noteworthy rustic presence is likely to gain from sturdy monsoons this year.

The auto section is likely to go up by 20.8% and 13.2% in FY11 and FY12 respectively, on novel product launchings.

The tractor sector is also projected to grow 10.3% in FY11, owing to higher crop production.

The company got hold of Ssangyong, Korea. This acquirement would offer it a 2-3 year leap in terms of product expansion.