BUZZ-Bernstein sees attractive valuations in India's wealth managers; stocks rise
Globus Medical Inc Class A GMED | 90.42 90.42 | -1.07% 0.00% Pre |
OneWater Marine Inc Class A ONEW | 10.06 10.06 | -1.08% 0.00% Pre |
NuVasive, Inc. NUVA | 39.75 39.75 | Delist 0.00% Pre |
** Valuations of India's wealth managers are attractive after the recent market decline due to the Iran war, says Bernstein, adding that buying capital market stocks is a great way to capture upside in a market recovery
** Says wealth managers have shown solid execution on flows over the last few quarters, while concerns on client attrition from higher competition have also moderated
** Refers to 360 One Wam ONEW.NS and Nuvama Wealth NUVA.NS as "attractive" and notes Anand Rathi Wealth ANAA.NS has shown surprising strength this year amid a broad market decline
** Rates ONEW, NUVA "outperform" and ANAA "market-perform"; ONEW, ANAA up 2% on the day, NUVA rises 1.2%
** Client assets are balanced across asset classes (equity and non-equity) and ultra high networth individuals (UHNI) and HNI clients are more resilient, aiding the industry, says Bernstein
** ONEW, NUVA down 16.6% and 12.5% in 2026 so far, ANAA up 11.6%, exchange data shows