Stock market analyst Mitesh Thacker has maintained 'buy' rating on Indian Hotels Company Ltd stock with target of Rs 117.

According to analyst, the interested investors can buy the stock with stop loss of Rs 104.

The stock of the company, on August 18, closed at Rs 109.60 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 1.82 and 59.02 respectively.

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 61 on BSE.

The Indian Hotels Company (IHCL) is expecting big gains from the Indian market.

IHCL is positive that it will not only keep hold of its 25 percent share in the country's hospitality segment, but, also will augment it with the help of its 75 projects across India.

Moreover, it is eyeing to increase the capacity of its rooms to 20,000 by 2014.

The company will append around 1,500 novel rooms during the exiting fiscal (2010-11) across 13 hotels in the domestic as well as South African market.

While making announcement, Mr. Ajoy K Misra, Senior Vice President (Sales & Marketing), IHCL, stated, "India needs to more than double the rooms capacity from the current level of 45,000 odd rooms over the next four to five years."