Stock market analysts are of the view that investors can sell State Trading Corporation of India Ltd (STC India) stock with a target price between Rs 504-498.

According to them, investors can sell the stock below Rs 510 with a strict stop loss of Rs 519.

If the stock fell below Rs 495, it may witness more weakness.

Today (Feb 05), the stock opened at Rs 500 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 561.70 and a low of Rs 92.50 on BSE.

After selling the stock in today's session, the interested investors can buy the stock again to reap benefits in medium or long term.

For the three month period ended December 31, STC India Ltd recorded net Sales of Rs 5983.57 crores as against Rs 5984.48 crores for the corresponding period of 2009.

The net profit during the quarter dropped to Rs 13.71 crores from Rs 25.13 crores earlier.

The company posted an EPS of Rs 2.29 for the third quarter as compared to Rs 4.19 for the same period of last year.

For nine months ended December 31, the company's net sales stood at Rs 14874.20 crores as against Rs 14349.14 crores in 2009.

The net profit for 9 months ended on 31-December-2009 stood at Rs 44.74 crores as against Rs 59.18 crores earlier.