Karvy Stock Broking Limited has maintained ‘Sell’ rating on Reliance Indistries Limited (RIL) stock to achieve a target of Rs 2,250 today.

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

If the stock fell below Rs 2,315, it may see more weakness.

According to Karvy, investors can sell the stock between Rs 2,320-2,330 with a strict stop loss of Rs 2,350.

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

Reliance Industries plans to acquire a 6-7% stake in Jet Airways, in order to be associated with the domestic carrier`s USD 10-15 million proposed cargo airline.

Although the mode of investment has not been finalized yet, the acquisition is likely to be via the issuance of fresh shares or diluting promoter equity.

The stake sale will provide Jet with much needed funds especially at a time when Indian airlines are losing money due to high oil prices.

RIL’s Hazira manufacturing division has won the `Golden Peacock Award for Combating Climate Change – 2008` (GPACCC).

Hazira won this acclaim for having made the most significant achievement and contribution to protect the health of the planet.