Stocks to buy: Bernstein is positive on India’s wealth management sector. The global brokerage and investment research firm has initiated coverage on India’s three leading wealth managers- Nuvama, 360One Wealth, and Anand Rathi Wealth– with a positive sector view.
Bernstein has an “outperform” view on Nuvama and 360 One Wealth, and a “market-perform” view on Anand Rathi Wealth.
“The rising wealth of India’s uber-rich provides the perfect pathway for a multi-year secular scale-up opportunity for the organised wealth managers,” Bernstein said.
(This is a developing story. Please check back for fresh updates.)
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