Do you have any asset management company stocks in your portfolio? Here's what Bernstein makes of the space.
The brokerage has a target of Rs 4,950 for the stock.
The brokerage has a target of Rs 680 for the stock.
The brokerage is positive on the long-term growth prospects and the business models of the country's asset management industry.
According to the brokerage, the industry benefits from penetration-led growth and a shifting household savings behaviour.