Thank you Mark,
I tried commands as you suggested and following is the result
~> ping 192.168.127.254
PING 192.168.127.254 (192.168.127.254) 56(84) bytes of data.
64 bytes from 192.168.
________________________________127.254: icmp_seq=54 ttl=255 time=0.742 ms
^C
--- 192.168.127.254 ping statistics ---
54 packets transmitted, 54 received, 0% packet loss, time 53000ms
rtt min/avg/max/mdev = 0.691/0.783/0.857/0.054 ms
:~> telnet 192.168.127.254
Trying 192.168.127.254...
Also I attached screenshot of the configuration of Ethernet port which is connected to moxa. I am weak in Networking so thare are chances for mistake in configuration.
thanks