Stock market analyst Hormuz Maloo of Geojit Financial Services has maintained buy rating on Tata Consultancy Services Ltd (TCS) stock to achieve a long term target of Rs 975.

Today (May 14), the shares of the company opened at Rs 766 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 844 and a low of Rs 300.58 on BSE.

Current EPS & P/E ratio stood at 32.36 and 23.83 respectively.

According to recent reports, TCS has been named as the pro-cycling team- Cervelo Test Team (CTT) until 2012.

CTT is headquartered in Switzerland and has 28 male and female riders from Europe, North America and Australia.

Besides the group sponsorship, TCS will offer up technological services in a similar way.

This declaration will add to TCS' substantial list of sports partnership comprising tie ups with Formula 1 racing group Ferrari, Ducati and several major marathons throughout the world.

Standard and Poor's Financial Services Llc (S&P) has lifted up its debt ratings on Tata Consultancy Services Ltd (TCS).

The improvement in debt ratings means that the viewpoint for industry demand is getting better.