Tech check: RIL stock needs to cross Rs 2,051-mark to see fresh break out

A firm breakout above this level may see an upside towards Rs 2,200 levels

Shares of Mukesh Ambani-owned Reliance Industries skidded around 2.5 per cent to Rs 1,944 apiece on the BSE in the intra-day deals on Monday as investors booked profits in the oil-to-telecom conglomerate post its stellar March quarter earnings show.

RIL on Friday, post market hours, reported consolidated net profit of Rs 13,227 crore for Q4FY21, up 108 per cent from Rs 6,348 crore logged in the corresponding quarter last year (Q4FY20). Sequentially, the profit rose 1 per cent from Rs 13,101 crore in the December quarter (Q3FY21). Its revenue from operations rose 11 per cent to Rs 1.54 trillion as