Kkunal Parar of Choice Equity Broking has a buy call on Mahindra & Mahindra with a target price of Rs 737.35.
The current market price of Mahindra & Mahindra is Rs 681.40.
Time period given by the analyst is two weeks when Mahindra & Mahindra price can reach the defined target.
Parar recommended keeping a stop loss at Rs 654.
"On the daily chart, the stock has formed "Symmetrical Triangle Pattern" and price of the stock is trading near to upper band of this formation which suggests a bull run and the stock may surge from its current level. Moreover, the stock has just started to trade above its 21 & 50-days moving averages which adds more bullishness to the price," he said.
Mahindra & Mahindra, incorporated in the year 1945, is a large cap company (having a market cap of Rs 84,220.08 crore) operating in the auto sector.