Stocks to buy, July 24 -- 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.

The global brokerage firm believes India's wealth management sector is poised for healthy growth amid the significant rise of the uber-rich in the country.

The brokerage firm believes t...