Latest news with #LeelaHotels
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Business Standard
08-07-2025
- Business
- Business Standard
Schloss Bangalore stock up 5% as Morgan Stanley initiates with 'Overweight'
Schloss Bangalore has received an 'overweight' rating from Morgan Stanley, with a target price of ₹549 Devanshu Singla New Delhi Listen to This Article Schloss Bangalore share price today: Shares of Schloss Bangalore, the operator of Leela Hotels, rallied on Tuesday, July 8, 2025, with stock gaining as much as 5 per cent to hit an intraday high of ₹427.15 per share on the National Stock Exchange (NSE). Around 12:30 AM, Schloss Bangalore shares were trading at ₹422, up 3.8 per cent from the previous day's close of ₹406.55. In comparison, benchmark NSE Nifty50 was trading flat with a negative bias at ₹25,438. Schloss Bangalore debuted on the exchanges just over a month ago. On June 2, 2025, the stock listed at a discount
Economic Times
30-06-2025
- Business
- Economic Times
Liquidity driving market; overweight on hotels, real estate & REIT: Venkatesh Balasubramaniam
Tired of too many ads? Remove Ads , MD & Head of Research,, says despite real estate stocks trading above NAV, he favours DLF and REITs, attracted by potential interest rate declines boosting REIT yields . He is also overweight on hotels , citing limited investment and strong demand creating a favorable structural play. Leela Hotels and Chalet Hotels are specifically mentioned as preferred stocks. JM Financial is overweight on hotels, real estate, and REITs – all of which are outside the believe this is basically running on liquidity. Domestic flows have been very strong. The monthly SIP numbers are still very strong at almost 267 billion per month. Even though mutual funds have roughly 5% of their holdings in cash, every month when you get these holdings, when you get these flows, you need to deploy it, so that is one thing. Secondly, since March onwards, FII inflows have actually turned positive. So, March, April, May, and in June so far, FII flows have been positive. So, definitely this is running on are not that weak. Fundamentals are okay. The economic outlook is also quite good. But as valuations are not attractive – be it in largecaps, midcaps, or smallcaps – all are trading at one standard deviation or more above the mean. So, it is very tough to make a positive call based on valuations. Fundamentals are okay, outlook is okay, but at this point in time, whatever runup we are seeing is more because of are benchmarked to the Nifty and in the Nifty 50, there is no real estate stock. So, if we like any real estate stock, automatically we go overweight on real estate. Broadly, the real estate sector is not cheap. Most of the stocks are trading almost 15% to 20% above their NAV. Historically, trading bands are 15-20% below NAV. We are very selective when we come to stocks. We like DLF because it is trading on par. We also like the REIT names primarily because as interest rates come down, a lot of these REITs become very attractive. They are all trading at roughly around 7% yield and 10% growth. It is more of an interest rate kind of a play when it comes to estate, we like from an interest rate perspective, but it is not that we are positive on all real estate stocks, because some of them are expensive and we are aware that over the last couple of quarters and the next couple of quarters also are going to be a little bit on the softer to hotels, it has got nothing to do with Maha Kumbh. Over the last four to five years, hardly any investments have been done in the hotel sector. So, there is a lot of demand, but the supply is not adequate. We believe this is likely to continue over the next year, year-and-a-half or so. From that perspective, we like hotels as a structural play. Some of the stocks we like are recently listed Leela Hotels. We also like Chalet Hotels here. These are two names which we like. So, we are overweight on hotels, real estate, and REITs. Incidentally, none of them are a part of the Nifty.
Time of India
30-06-2025
- Business
- Time of India
Liquidity driving market; overweight on hotels, real estate & REIT: Venkatesh Balasubramaniam
Live Events You Might Also Like: Rakshit Ranjan on sectors to focus on to geopolitically risk-proof your portfolio (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel , MD & Head of Research,, says despite real estate stocks trading above NAV, he favours DLF and REITs, attracted by potential interest rate declines boosting REIT yields . He is also overweight on hotels , citing limited investment and strong demand creating a favorable structural play. Leela Hotels and Chalet Hotels are specifically mentioned as preferred stocks. JM Financial is overweight on hotels, real estate, and REITs – all of which are outside the believe this is basically running on liquidity. Domestic flows have been very strong. The monthly SIP numbers are still very strong at almost 267 billion per month. Even though mutual funds have roughly 5% of their holdings in cash, every month when you get these holdings, when you get these flows, you need to deploy it, so that is one thing. Secondly, since March onwards, FII inflows have actually turned positive. So, March, April, May, and in June so far, FII flows have been positive. So, definitely this is running on are not that weak. Fundamentals are okay. The economic outlook is also quite good. But as valuations are not attractive – be it in largecaps, midcaps, or smallcaps – all are trading at one standard deviation or more above the mean. So, it is very tough to make a positive call based on valuations. Fundamentals are okay, outlook is okay, but at this point in time, whatever runup we are seeing is more because of are benchmarked to the Nifty and in the Nifty 50, there is no real estate stock. So, if we like any real estate stock, automatically we go overweight on real estate. Broadly, the real estate sector is not cheap. Most of the stocks are trading almost 15% to 20% above their NAV. Historically, trading bands are 15-20% below NAV. We are very selective when we come to stocks. We like DLF because it is trading on par. We also like the REIT names primarily because as interest rates come down, a lot of these REITs become very attractive. They are all trading at roughly around 7% yield and 10% growth. It is more of an interest rate kind of a play when it comes to estate, we like from an interest rate perspective, but it is not that we are positive on all real estate stocks, because some of them are expensive and we are aware that over the last couple of quarters and the next couple of quarters also are going to be a little bit on the softer to hotels, it has got nothing to do with Maha Kumbh. Over the last four to five years, hardly any investments have been done in the hotel sector. So, there is a lot of demand, but the supply is not adequate. We believe this is likely to continue over the next year, year-and-a-half or so. From that perspective, we like hotels as a structural play. Some of the stocks we like are recently listed Leela Hotels. We also like Chalet Hotels here. These are two names which we like. So, we are overweight on hotels, real estate, and REITs. Incidentally, none of them are a part of the Nifty.
India Today
03-06-2025
- Business
- India Today
Prostarm Info Systems IPO listing: Will it make strong market debut? Check GMP
Shares of Prostarm Info Systems Limited will be listed on the stock exchanges on Tuesday, June 3, after receiving strong demand from investors during its public listing of Prostarm Info Systems comes at a time when recent mainboard IPOs have not performed very well on debut. Companies like Leela Hotels (Schloss Bangalore Limited), Aegis Vopak Terminals, Belrise Industries, and Borana Weaves have recently listed, but none of them have seen strong or bumper Info Systems company's initial public offering (IPO) was open for bidding from May 27 to May 29, 2025, and saw a total subscription of 96.68 IPO received 39.48 times subscription in the retail category. Qualified Institutional Buyers (QIBs) subscribed 102.67 times, while the Non-Institutional Investors (NIIs) category was subscribed 222.13 times. This shows the high level of interest the IPO attracted from different types of price band for Prostarm Info Systems IPO was set at Rs 105 per share. The minimum lot size for retail investors was 142 shares, meaning an investor had to apply for at least one lot worth Rs 13,490. However, due to the high demand, retail investors were advised to bid at the cutoff price, which brought the investment to around Rs 14, small NIIs (sNIIs), the minimum lot size was 14 lots, or 1,988 shares, with a total value of Rs 2,08,740. For big NIIs (bNIIs), the minimum lot size was 68 lots, or 9,656 shares, with a total application amount of Rs 10,13, allotment for the IPO was finalised on Friday, May 30, 2025. Investors who got allotment will see the shares credited to their demat accounts before the listing to the latest data, the Grey Market Premium (GMP) for Prostarm Info Systems IPO stood at Rs 12. With the issue price of Rs 105 and GMP of Rs 12, the estimated listing price is around Rs 117. This indicates a possible gain of 11.43% over the issue price, based on grey market it is important to note that grey market premiums are unofficial and can change quickly. They do not guarantee actual listing performance on the day of debut. advertisement
India Today
02-06-2025
- Business
- India Today
Leela Hotels share price: Stock lists at 7% discount on Dalal Street
Shares of Leela Hotels began trading on the stock market on Monday, making a weak start on Dalal Street. The company's stock opened at Rs 406 on the NSE, which is Rs 29 below the issue price of Rs 435. On the BSE, it opened slightly higher at Rs 406.50, still lower by Rs 28.50, or about 6.55%. This means the stock listed at nearly a 7% discount to its issue poor listing shows that investors are being cautious, even though the company has a strong brand name and has shown improvement in its financial Hotels launched its initial public offering (IPO) last week. The company aimed to raise Rs 3,500 crore in total. Of this, Rs 2,500 crore came from a fresh issue of shares and Rs 1,000 crore from an offer for sale by existing shareholders. The IPO was priced at Rs 435 per IPO was subscribed 4.72 times overall. While demand from large institutional investors was strong, with the Qualified Institutional Buyers (QIB) portion subscribed 7.82 times, the interest from retail investors and high-net-worth individuals (HNIs) was much lower. Retail investors subscribed only 0.87 times their portion, and the Non-Institutional Investors (NII) segment was subscribed 1.08 Hotels is backed by funds managed by Brookfield and owns five luxury hotels in cities such as Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. The company also manages several other hotels under the Leela brand through contracts. Altogether, it operates 12 hotels with a total of 3,382 rooms, making it one of the biggest luxury hotel operators in the the financial year ending March 2025, Leela Hotels made a profit of Rs 47.66 crore. This was a big improvement from the previous year, when it had posted a loss of Rs 2.13 crore. Revenue for the year rose by 15% to reach Rs 1,406.56 this improvement, some experts feel that the IPO was priced too high. After the issue, the company's price-to-earnings (P/E) ratio stands at over 213 times, which many consider to be expensive. This could be one reason why the listing was not money raised through the fresh issue will be used to pay back loans taken by the company for some of its hotels in Udaipur, Chennai, and Delhi. A part of the funds will also be used for general corporate IPO offered a minimum investment of Rs 14,042 for retail investors applying at the lower end. However, those who wanted to ensure allotment were advised to apply at the cut-off price, raising the investment amount to Rs 14,790. For small NIIs, the minimum investment stood at Rs 2,07,060, and for big NIIs, it was Rs 10,05,720. advertisement
