Technical analyst Hemen Kapadia has maintained 'buy' rating on Tata Consultancy Services Limited (TCS) stock to achieve an intraday target of Rs 1169.

According to analyst, the stock can be purchased with a stop loss of Rs 1148.

The stock of the company, on December 29, closed at Rs 1154.65 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 28.75 respectively.

On Dec 22, the top global hospitality company, Hilton Worldwide and Tata Consultancy Services (TCS) entered into a multi-year deal to help speed up and improve Hilton Worldwide's technology approach as fraction of the Hilton Worldwide Innovation Collaborative.

Tata Consultancy Services, on Dec 16, announced that it has pocketed a Rs 850 million 3-year order for carrying out smart card-based Financial Inclusion Solution (FIS) for Indian Bank.

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

Moreover, the firm has also opened a new business process outsourcing (BPO) center in the Philippines.

This is the company's primary BPO center in Southeast Asia and the latest addition to TCS`s Global Network Delivery Model (GNDM).