Stock market analyst Ashwani Gujral has maintained ‘Buy’ rating on Tata Communications to achieve a target of Rs 518 in the coming days.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 466.

Shares of the company, on Wednesday (July 01), closed at Rs 487.90, up Rs 12.80, on the Bombay Stock Exchange (BSE). The total volume of the shares traded stood at 194,834. The scrip hit an intraday high of Rs 492.90 and an intraday low of Rs 471.50.

Current EPS & P/E ratio stood at 18.05 and 27.03 respectively. The share price has seen a 52-week high of Rs 651 and a low of Rs 320 on BSE.

Tata Communications, on June 30, announced that it has signed up a partnership agreement with Starwood Hotels and Resorts Worldwide for a worldwide launch of public telepresence rooms at the hospitality group's properties.

The contract will see Tata Communications' deploy public Cisco TelePresence rooms at 10 new facilities in Starwood hotels by 2009-end.

BT Group and Tata Communications, on June 26, have entered into a major voice services deal, which will permit two of the world`s major providers of voice and IP services to jointly derive benefit from shared resources as part of a worldwide supply arrangement.

Qtel and Tata Comm, on June 08, said that they have entered into a strategic alliance, which will fortify both companies network reach in the region as well as globally.

Under the terms of the contract, Qtel and Tata Comm will line up their infrastructures and work jointly to offer safe, scalable and flexible connectivity solutions comprising Ethernet, MPLS (Multi Protocol Label Switching) and a wide variety of managed services to their global customers.