10 Best Indian Stocks for Next 10 Years

8) Wipro Limited (NYSE:WIT)

Number of Hedge Fund Holder: 11

Wipro Limited (NYSE:WIT) carries out operations as an information technology (IT), consulting, and business process services company worldwide.

Wipro Limited (NYSE:WIT) was able to secure 10 large deals in Q1 2025, with bookings surpassing $1 billion. Also, it maintained a steady outlook for the next quarter. While the company remains focused on strengthening its relationships with renowned clients and strategic partners, it continues to make investments in AI-powered industry solutions and talent development. Wipro Limited (NYSE:WIT) has a strategy in place when it comes to leveraging generative AI (GenAI) to improve productivity.

The company continues to capitalize on growth opportunities across sectors while, at the same time, it is addressing softer segments through strategic investments and partnerships. Amidst the challenging environment, market experts believe that Wipro Limited (NYSE:WIT)’s strategic moves, like offshoring leadership roles and consolidating overseas offices, should aid in counterbalancing the wage growth impact.

Wall Street analysts believe that Wipro Limited (NYSE:WIT)’s successful execution of strategies, mainly in securing large deal wins, should continue to act as a tailwind in the near term. For example, the company recently bagged a 5-year deal worth $500 million from a US-based communication service provider. Moreover, the analysts have expressed optimism regarding the appointment of Srinivas Pallia as the new CEO. They believe that this strategic decision should bring stability and an effective decision-making process.

Over the long term, the company is expected to benefit from switching costs and intangible assets. Also, forays into the higher-value realm of industrial engineering might support Wipro Limited (NYSE:WIT) in achieving healthy growth momentum. According to Insider Monkey, the number of hedge funds holding stakes in Wipro Limited (NYSE:WIT) stood at 11 at the end of Q2 2024.