Technical Analyst Salil Sharma has maintained 'buy' rating on Tata Tea stock to achieve a short term target of 1125.

According to Mr. Sharma, interested traders can purchase the stock with a stoploss of 1085.

Today, the stock opened at Rs 1108.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1138 and a low of Rs 688 on BSE.

Current EPS & P/E ratio stood at 63.03 and 17.56 respectively.

With the aim to boost its presence as a beverage company, Tata Tea's directors sanctioned a name change to a novel business identity: Tata Global Beverages.

The decision, which is subject to shareholder and government nod, will alter the company names such as Tata Tea, Tetley, Eight O Clock Coffee and other company to Tata Global Beverages.

Recently, the company has signed up a JV deal with PepsiCo with the aim to foray into the health and beverage section.

In the year 2006, Tata Tea bought a 30% equity stake in US-based Glaceau for around $677 million.

Afterward, Tata Tea sold its share to Coca-Cola for $1.2 billion, when the company's major owner decided to sell out.