Schloss Bangalore shares rise 6% post-IPO as Bank of America and Morgan Stanley initiate coverage with buy/overweight ratings and price targets.

• Bank of America highlights steady growth potential through property and brand expansion in the underserved Indian luxury market.
• Morgan Stanley cites strong luxury demand, iconic assets, and attractive valuations justifying an overweight rating.
• Both brokerages expect sustained high average room revenue as demand outstrips supply in the luxury sector.