Stock Market Analyst Rajat K Bose has suggested the investors to sell Reliance Petroleum as there are full chances of a downward trend in this stock.
If the stock fell below Rs 195, it may see more weakness.
There is also news that global energy major Chevron Corporation may exit Reliance Petroleum (RPL) by selling its 5% stake to Reliance Industries.
Recently, Reliance Industries undertook divestment of 4% stake in RPL for more than Rs 40.23 billion. Presently, Reliance Industries` stake in RPL stands at around 71%.