Stock market analyst Salil Sharma has maintained 'buy' rating on Tata Consultancy Services (TCS) Ltd stock with a short term target of Rs 862.

According to analyst, the investors can buy the stock with stop loss of Rs 838.

Today, the stock opened at Rs 840.50 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 37.67 and 22.78 respectively.

The share price has seen a 52-week high of Rs 850 a low of Rs 435.55 on BSE.

IT giant Tata Consultancy Services' (TCS) recital during June 2010 quarter reiterates the company's capability to make the most of the steady retrieval in the demand for IT services and solutions in United States and Asian markets.

Moreover, Tata Consultancy Services (TCS) has started its operations in Lima in Peru with the introduction of new office in the country.

Peru, which is viewed as one of the highest growing economic systems, has a vast market for IT and BPO segments.

Country Head of Peru, Chile and Ecuador, Alejandro Valenzuela said, "Our economy has seen one of the most outstanding growths of the region and it demands BPO and IT services rendered by TCS, like any other parts of Latin America."

TCS owns headquarters in Mumbai and the company is offering up IT and BPO services.

The company is present in many countries like Hong Kong, Australia, China, South Africa, Japan, Malaysia, the US, and the UK among others.