Technical analyst Hitendra Vasudeo has maintained 'buy' rating on HCL Technologies Limited stock with targets of Rs 489 and 518.

According to analyst, the investors can purchase the stock with a stop loss of Rs 459.

The analyst added that the investors need to hold the stock for 1-2 trading sessions to attain the said target.

The stock of the company, on January 11, closed at Rs 474.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 492.40 and a low of Rs 330 on BSE.

Current EPS & P/E ratio stood at 13.45 and 35.12 respectively.

HCL Technologies Ltd has declared that a meeting of its directors will take place on January 18, 2011 and January 19, 2011, inter-alia, to consider and take on record the Un-audited company's financial results and half-year ended on December 31, 2010.

The company's directors will also mull over the payment of 2nd Interim Dividend for fiscal year 2010.

The record date for deciding the right of the stockholders for the payment of the 2nd interim dividend shall be "January 25, 2011", subject to consent of the interim dividend by the company's directors.

During the last month, HCL Technologies declared a multi-year affiliation with Lojas Renner - the second biggest fashion merchant in Brazil.

Under this joint venture, the leader in IT Services will be accountable for supporting Oracle systems, spread in over 130 stores of Lojas Renner across Brazil.