Morgan Stanley initiated an ‘Overweight’ rating on Schloss Bangalore, setting a target price of Rs 549, driven by a luxury hospitality upcycle and strong financials. The stock surged 5% following the report. While concentration risk and demand cyclicality are concerns, steady growth and low debt support a potential re-rating for the company.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The