Technical analyst Rajesh Satpute has maintained 'sell' rating on Tata Consultancy services Limited (TCS) stock to achieve a target of Rs 1060.

According to analyst, the investors can sell the stock with a stop loss of Rs 1135.

Today, the stock of the company opened at Rs 1100 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1221 and a low of Rs 708 on BSE.

Current EPS & P/E ratio stood at 43.15 and 25.13 respectively.

Mr. Satpute said that the investors must sell the stock to attain the said target as there are full chances of decline in the coming week.

So sell the stock at this time to avoid loss and buy it again to reap benefits in medium or long term.

Tata Consultancy services (TCS) said that it anticipates client expenditure to go up by the next financial year.

Mr. N Chandrasekaran, CEO and managing director of TCS stated, "The overall environment for the industry looks good and I am positive that spend by our customers will be better in the next fiscal year compared to current financial year."

Country's top IT service exporter exceeded its competitors Infosys Technologies and Wipro during the current financial year on all parameters as its volumes and margins lengthened.

Mr. N Chandrasekaran stated that TCS witnesses traction in domestic plus European and North American market zones.