Technical analyst Nitin Murarka of SMC Global has maintained 'sell' rating on Jet Airways Limited stock with targets of Rs 380 and 370.

According to analyst, the investors can sell the stock with a stop loss of Rs 560.

Mr. Murarka said that it is better to sell the stock in today's trading session to avoid loss.

He added that the interested investors can buy the stock again to reap gains in medium or long term.

Today, the stock of the company opened at Rs 431 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 926.35 and a low of Rs 398 on BSE.

Current EPS & P/E ratio stood at 10.84 and 39.29 respectively.

The stock will surely recover in the coming days as there are positive news all round. But, the investors need to sell the stock at this time.

Jet Airways has decided to boost network connectivity to/from central India with novel links.

The new paths will hook up Tier II cities of central India including Raipur, Indore, Bhopal and Nagpur with the South Indian urban centers of Hyderabad, Bengaluru, Chennai and Kochi with the launching of Boeing 737/ATR services that will come into effect from March 27, 2011.

Jet Airways has also declared a reciprocal frequent flyer affiliation with US Airways.

This is the second reciprocal deal by India's leading airline with North American airlines in recent weeks.