Stock market analyst Ashwani Gujral is of the view that investors can sell Aban Offshore Ltd stock to achieve a target of Rs 600.

According to Mr. Gujral, the investors can sell the stock with a stoploss of Rs 720.

If the stock fell below Rs 585, it may see more weakness.

After selling the stock, the interested investors can buy the stock again on declines for medium or long term.

Today, the stock opened at Rs 678 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1679.50 and a low of Rs 658.40 on BSE.

Current EPS & P/E ratio stood at 66.02 and 10.10 respectively.

According to reports, the company's stock had underperformed the stock market over the last 30 days till May 1, 32010, declining 17.73% as against the Sensex's 3.12% fall.

Moreover, the report also said that the scrip also underperformed the market during the past one quarter, dropping 14.06% as compared to 6.89% rise in the Sensex.

There were reports that the company's earning capacity may suffer after a semisubmersible rig Aban Pearl, possessed by a division, sank off the coast of Venezuela on Thursday.