Technical analyst Salil Sharma has maintained 'buy' rating on Tata Consultancy Services Limited stock with a short term target of Rs 1185.

The analyst said that the stock can be purchased with a stop loss of Rs 1138.

The stock of the company, on December 21, closed at Rs 1159.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1174.50 and a low of Rs 700 on BSE.

Current EPS & P/E ratio stood at 40.36 and 28.50 respectively.

Hilton Worldwide, the top international hospitality company, and Tata Consultancy Services (TCS) inked a multi-year deal to help speed up and augment Hilton Worldwide`s technology plan as branch of the Hilton Worldwide Innovation Collaborative.

The Innovation Collaborative will progress Hilton's technology infrastructure and step up modernism across the company's range of ten brands.

Moreover, India's biggest software company has pocketed an Rs 850 million 3-year agreement for executing smart card-based Financial Inclusion Solution (FIS) for Indian Banking institution.

The deployment of the solution will assist in expanding banking services in un-banked/under-banked regions, permitting Indian Bank to reach to more than 35 lakh clients by 2013.

The applications will be hosted on cloud computing technologies that will help supply infrastructure and application services in a cost- efficient approach.