Mukesh Ambani-led RIL’s fourth quarter (January-March) net profit rose 108.36 per cent on-year to Rs 13,277 crore, which is under estimates. Oil-to-telecom important had reported a consolidated net profit of Rs 6,348 crore in the year-ago quarter. Earlier in the prior quarter (October-December 2020), Reliance Industries Ltd had posted a net profit of Rs 13,101 crore. Most brokerages such as Kotak Securities and JM Financial had estimated RIL to report a one hundred per cent on-year rise in net profit on a low base. A CNBC TV18 poll of analysts had estimated RIL to post a net profit of Rs 14,800 crore on a income of Rs 1.45 lakh crore in the fourth quarter. Brokerage firms such as Jefferies, Morgan Stanley, UBS and Citi have ‘buy’ rating to RIL stock, with a target value of up to Rs 2,600 apiece. Ahead of Q4 final results announcement, RIL share value fell 1.42 per cent to finish at Rs 1,994.45 apiece on BSE. So far in April 2021, RIL share value has lost 1.3 per cent. However, RIL stock is nevertheless trading under its 52-week-higher of Rs 2,368 per share.