Stock market analysts have maintained 'Sell' rating on Reliance Communications Ltd (RCom) to achieve a target that lies between Rs 225-222 today.

The investors are advised to sell the stock to avoid loss, as there are full chances of a downward trend in this stock in today's session.

If the stock fell below Rs 220, it may see more weakness.

According to analysts, investors can sell the stock below Rs 228 with a strict stop loss of Rs 232.

After selling the stock in today's session, the interested investors can enter the stock again, but only on declines.

Shares of the company, on Friday (Oct 23), closed at Rs 229.50 on the Bombay Stock Exchange (BSE). Current EPS and P/E stood at 106.55 and 11.16 respectively. The share price has seen a
52-week high of Rs 359 and a low of Rs 131.35 on BSE.

On Oct 15, the government chosen auditor Parekh & Co stated that RCom had inflated its revenues by Rs 29.15 billion in 2007-08 and also eluded license charge worth Rs 3.15 billion.

But, an RCom representative called the disclosures revelation as unfair.

DoT functionaries confirmed receipt of the report by Parekh & Co and stated that it is yet to inspect the results. In Jan '09, the administration selected a special group to audit RCom account. Afterward, it named special auditors for all the major telecom operators. DoT is waiting for the report of four other telecom giants including Tata Tele, Bharti Airtel, Vodafone and Idea - from the respective auditors.