Reliance Industries likely to Simplify Investor Concerns

June 14, 2019

After seven years the start of a deleveraging cycle at Reliance Industries (RIL) record capital expenditure should ease investor worries of subpar return ratios at the telecom hand of the company.
RIL has demerged the tower and fiber businesses of Jio in favor of a special purpose vehicle (SPV) at the end of March 2019. The majority stake in the SPV will be transferred to a Sebi-registered Infrastructure Investment Trust (InvIT). RIL is seeking investors for the InvIT as Sebi guidelines require at least five non-sponsor entities for a privately placed InvIT.
On June 12 it has reported that the term sheet for the proposed sale of Reliance Jio’s telecom tower business to infrastructure asset manager Brookfield could be signed in the next 10 days. This would be the first step in the deleveraging process.
Read EquityPandit’s Technical Analysis of Nifty
The two ways transfers could help Reliance Jio. One, any additional tenancy on these assets will drive down the lease rent for RIL linked to that particular asset as it gets the advantage as an anchor tenant, helping reduce operating expenditure at Jio. Two, the higher tenancy would improve inflows in the fiber SPV, leaving a surplus after commitments to liabilities and unitholders are honored.

LUPIN MARKET OUTLOOK STOCK OUTLOOK

Lupin Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USERMay 31, 2024

May 31, 2024

Lupin closed the previous week on a negative note losing 4.62%.

Technically, Lupin share price will see immediate support at 1,553.83 and immediate resistance would be seen at 1,629.93.

If Lupin share price closes below immediate support of 1,553.83, then sharp breakdown can be seen. Lupin share price will see major support at 1,525.12 for the week.

On the positive side, immediate resistance will be seen at 1,629.93. Closing above 1,629.93, Lupin share price will see a sharp breakout. Major resistance for Lupin share price will be seen at 1,677.32 for the week.

Trading range for Lupin share price for this week should be between 1,477.73 on down side and 1,706.03 on up side.

Lupin Previous Week High: 1648.6

Lupin Previous Week Low: 1572.5

Lupin Previous Week Range: 76.1 Points

Lupin share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type	Value
Resistance 3	1,706.03
Resistance 2	1,677.32
Resistance 1	1,629.93
Support 1	1,553.83
Support 2	1,525.12
Support 3	1,477.73

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LUPIN MARKET OUTLOOK STOCK OUTLOOK

Lupin Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USERMay 24, 2024

May 24, 2024

Lupin closed the previous week on a negative note losing 7.92%.

Technically, Lupin share price will see immediate support at 1,561.00 and immediate resistance would be seen at 1,697.85.

If Lupin share price closes below immediate support of 1,561.00, then sharp breakdown can be seen. Lupin share price will see major support at 1,507.65 for the week.

On the positive side, immediate resistance will be seen at 1,697.85. Closing above 1,697.85, Lupin share price will see a sharp breakout. Major resistance for Lupin share price will be seen at 1,781.35 for the week.

Trading range for Lupin share price for this week should be between 1,424.15 on down side and 1,834.70 on up side.

Lupin Previous Week High: 1728

Lupin Previous Week Low: 1591.15

Lupin Previous Week Range: 136.85 Points

Lupin share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type	Value
Resistance 3	1,834.70
Resistance 2	1,781.35
Resistance 1	1,697.85
Support 1	1,561.00
Support 2	1,507.65
Support 3	1,424.15

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LUPIN MARKET OUTLOOK STOCK OUTLOOK

Lupin Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USERMay 17, 2024

May 17, 2024

Lupin closed the previous week on a negative note losing 5.54%.

Technically, Lupin share price will see immediate support at 1,604.50 and immediate resistance would be seen at 1,698.50.

If Lupin share price closes below immediate support of 1,604.50, then sharp breakdown can be seen. Lupin share price will see major support at 1,557.25 for the week.

On the positive side, immediate resistance will be seen at 1,698.50. Closing above 1,698.50, Lupin share price will see a sharp breakout. Major resistance for Lupin share price will be seen at 1,745.25 for the week.

Trading range for Lupin share price for this week should be between 1,510.50 on down side and 1,792.50 on up side.

Lupin Previous Week High: 1698

Lupin Previous Week Low: 1604

Lupin Previous Week Range: 94 Points

Lupin share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type	Value
Resistance 3	1,792.50
Resistance 2	1,745.25
Resistance 1	1,698.50
Support 1	1,604.50
Support 2	1,557.25
Support 3	1,510.50

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LUPIN MARKET OUTLOOK STOCK OUTLOOK

Lupin Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USERMay 10, 2024

May 10, 2024

Lupin closed the previous week on a negative note losing 7.53%.

Technically, Lupin share price will see immediate support at 1,550.03 and immediate resistance would be seen at 1,677.03.

If Lupin share price closes below immediate support of 1,550.03, then sharp breakdown can be seen. Lupin share price will see major support at 1,491.52 for the week.

On the positive side, immediate resistance will be seen at 1,677.03. Closing above 1,677.03, Lupin share price will see a sharp breakout. Major resistance for Lupin share price will be seen at 1,745.52 for the week.

Trading range for Lupin share price for this week should be between 1,423.03 on down side and 1,804.03 on up side.

Lupin Previous Week High: 1687

Lupin Previous Week Low: 1560

Lupin Previous Week Range: 127 Points

Lupin share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type	Value
Resistance 3	1,804.03
Resistance 2	1,745.52
Resistance 1	1,677.03
Support 1	1,550.03
Support 2	1,491.52
Support 3	1,423.03

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LUPIN MARKET OUTLOOK STOCK OUTLOOK

Lupin Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USERMay 3, 2024

May 3, 2024

Lupin closed the previous week on a negative note losing 4.19%.

Technically, Lupin share price will see immediate support at 1,617.13 and immediate resistance would be seen at 1,687.68.

If Lupin share price closes below immediate support of 1,617.13, then sharp breakdown can be seen. Lupin share price will see major support at 1,579.52 for the week.

On the positive side, immediate resistance will be seen at 1,687.68. Closing above 1,687.68, Lupin share price will see a sharp breakout. Major resistance for Lupin share price will be seen at 1,720.62 for the week.

Trading range for Lupin share price for this week should be between 1,546.58 on down side and 1,758.23 on up side.

Lupin Previous Week High: 1683

Lupin Previous Week Low: 1612.45

Lupin Previous Week Range: 70.55 Points

Lupin share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type	Value
Resistance 3	1,758.23
Resistance 2	1,720.62
Resistance 1	1,687.68
Support 1	1,617.13
Support 2	1,579.52
Support 3	1,546.58

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