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.
IPO-bound Flipkart shifts domicile to India
IPO-bound Flipkart has shifted its domicile to India, having secured government nod for an internal restructuring that now makes Flipkart Internet the holding entity of