Bernstein picks India stocks to buy, says one could potentially rise nearly 40%

A pedestrian speaks on a mobile phone as he looks at share prices on a digital broadcast outside the Bombay Stock Exchange (BSE) in Mumbai on November 10, 2020.
PUNIT PARANJPE | AFP via Getty Images

Analysts at Bernstein identified India stocks that they expect could surge 10% or more despite growing investor concerns over global markets.