Leela hotels-operator Schloss rises on bullish calls from BofA, MS

Leela Palaces Hotels & Resorts

08/07/2025 11:00

** Shares of Schloss Bangalore SCHL.NS, which owns and operates Indian luxury hotel brand "The Leela", up ~6%

** Stock last up 427 rupees vs IPO price of 435 rupees in June

** Brokerages Bank of America ("buy", TP 520 rupees) and Morgan Stanley ("overweight", TP 549 rupees) start coverage

** BofA sees steady growth path through property, brand expansion "in an under served market"

** Morgan Stanley justifies its rating on strong luxury demand, "iconic" assets, attractive valuations,

** Adds, demand outstripping supply will keep average room revenue higher for longer

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))