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%.

Chevron had bought 5% in RPL at Rs 60 a share during RPL`s public issue. The US energy giant has the option to raise its stake to 29% either three months after the RPL project is commissioned or three years from the date the agreement was signed, whichever is later.

The agreement between the two was signed in April 2006.

RPL is setting up a refinery of 580,000 barrels per day at Jamnagar in Gujarat.

Chevron is not keen to increase its stake in RPL as the current valuations are high.