Driven by a “higher-for-longer” upcycle in the luxury hospitality segment, global brokerage firm Morgan Stanley initiated coverage on Schloss Bangalore, the company that owns and operates luxury hotels under the ‘The Leela’ brand, with an ‘Overweight’ rating and a target price of Rs 549. The target implies an upside potential of 35% from the stock’s…
READ MOREET Intelligence Group: Shares of Aarti Industries (AIL), a maker of specialty chemicals and pharmaceuticals, have gained nearly 20% in the past three months and 7% since its quarterly result announcement on May 8. This has reduced its one-year fall to 32%. A steady ramp-up in underutilised capacities, additional capex of ₹1,000 crore in the…
READ MOREGoldman Sachs has added Reliance Industries Ltd to its Asia Pacific Conviction List, highlighting four catalysts that it believes could significantly boost the conglomerate’s earnings and valuation. The brokerage expects a sharp rebound in EBITDA growth, improved refining fundamentals, a retail turnaround, and a potential telecom tariff hike to drive upside in the stock. Nikhil…
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