Morgan Stanley Rates Leela Hotels ‘Overweight’ on Strong Luxury Demand and Promising Valuation

Morgan Stanley initiates coverage on The Leela shares with ‘overweight’ rating, Rs 549 target; stock up 5% - GAGA INDIA

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Morgan Stanley says The Leela is a pure play on India’s luxury hospitality boom; sees 35% upside in base case

Source: Live Mint Morgan Stanley has reiterated its ‘Overweight’ rating on Schloss Bangalore, the company that owns and manages the iconic ‘The Leela’ brand of luxury hotels in India. The global brokerage cited strong industry tailwinds, a high-quality portfolio of luxury assets, low net debt levels, and an attractive valuation as key reasons behind its bullish stance. While acknowledging potential concentration risks, Morgan Stanley believes t…

Morgan Stanley rates Leela Hotels ‘overweight’ on strong luxury demand and promising valuation

These hotels, which combine heritage-inspired architecture with contemporary luxury, continue to garner global recognition and lead industry benchmarks.