5 Best Indian Stocks For Next 10 Years

2. ICICI Bank Limited (NYSE:IBN)

Number of Hedge Fund Holders: 33

ICICI Bank Limited (NYSE:IBN) is a Mumbai-based bank that provides its banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. It is one of the premier Indian stocks to watch. 

On April 7, Goldman Sachs excluded ICICI Bank Limited (NYSE:IBN) from the firm’s Asia Ex-Japan Conviction List but maintained a Buy rating on the stock. Goldman Sachs also trimmed ICICI Bank Limited (NYSE:IBN)’s price target to INR 1,076 from INR 1,093, citing moderating operating profit growth. Goldman Sachs still sees 22% upside potential in the shares.

According to Insider Monkey’s first quarter database, 33 hedge funds were bullish on ICICI Bank Limited (NYSE:IBN), with collective stakes worth $2.5 billion. Stephen Mandel’s Lone Pine Capital is a prominent stakeholder of the company, with 12 million shares worth $260 million. 

Follow I C I C I Bank Ltd (NYSE:IBN)