{"id":81858,"date":"2023-01-06T18:20:00","date_gmt":"2023-01-06T12:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=81858"},"modified":"2023-01-06T18:15:49","modified_gmt":"2023-01-06T12:45:49","slug":"reliance-enters-into-partnership-with-man-city-check-its-target","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/reliance-enters-into-partnership-with-man-city-check-its-target\/","title":{"rendered":"Reliance enters into partnership with Man City; Check its target"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2394626479\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RELIANCE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Reliance Industries<\/a><\/strong> were trading in the green on Friday after the conglomerate\u2019s subsidiary Jio Platforms Limited (Jio) entered into a regional partnership with Manchester City (Man City) on January 05, 2022, enabling Jio to become the Football Club\u2019s Official Mobile Communications Network Partner in India.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-679868640\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Jio and Man City will collaborate on a variety of experiences that fans will be able to access through Jio\u2019s digital ecosystem, consisting of JioTV, MyJio, Jio STB, JioEngage and other applications, in addition to exclusive giveaways and in-market activities. Man City&#8217;s OTT platform CITY will be integrated into the JioTV platform, providing Indian fans further access to exclusive club content.&nbsp;<\/p><p>With this new pact, it appears that Reliance is keen to make inroads in the global sports business. Earlier, it secured the digital rights of India\u2019s top cricket league for $ 3.1 billion. It appears that it is relying on its dominant telecom network to win partners.&nbsp;<\/p><p>The company\u2019s shares were trading at \u20b9 2529.35 apiece at 02:52 PM on Friday. Global brokerage Jefferies has given a target of \u20b9 3,100 on the shares of Reliance Industries translating to an upside of 22.21% as compared to its share price.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3372856356\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It said that in a bull-case scenario, the refining-to-retail conglomerate can rally to reach a target of \u20b9 3500.00 apiece. This translates to an upside of 37.97% as compared to its current share price.&nbsp;<\/p><p>The brokerage expects Jio to deliver 19% YoY revenue growth led by tariff hikes in the mobile segment and continued traction in the non-mobile segment.&nbsp;<\/p><p>\u201cWe forecast 18% EBITDA growth in FY24E with 21% in Retail on the back of floorspace growth and 24% in Jio on tariff hike and home broadband traction. Valuation has moderated imputing little value to green energy in our view. Borrowings likely will rise,&#8221; Jefferies said in a note.&nbsp;<\/p><p>Jefferies said that it expects gradual recovery in the company\u2019s petrochemicals margins in the second half of financial year 2022-23 as Chinese demand is recovering.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2925571703\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Reliance Industries were trading in the green on Friday after the conglomerate\u2019s subsidiary Jio Platforms Limited (Jio) entered into a regional partnership with Manchester City (Man City) on January 05, 2022, enabling Jio to become the Football Club\u2019s Official Mobile Communications Network Partner in India.\u00a0 Jio and Man City will collaborate on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":17594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2854,3829,4452,1760,63,2091,755,961,1058,960,872,948,936,3153,3157,2597,2599],"class_list":["post-81858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-blue-chip-stock","tag-blue-chip-stocks","tag-blue-chip-stocks-to-buy","tag-jio","tag-reliance-industries","tag-reliance-industries-ltd","tag-reliance-industries-news","tag-reliance-jio","tag-reliance-jio-leads-telecom-sector","tag-reliance-jio-share","tag-reliance-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-stocks-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reliance enters into partnership with Man City; 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