5 Best Indian Stocks For Next 10 Years

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1. HDFC Bank Limited (NYSE:HDB)

Number of Hedge Fund Holders: 40

HDFC Bank Limited (NYSE:HDB) was incorporated in 1994 and is based in Mumbai, India. It provides banking and financial services in India, Bahrain, Hong Kong, and Dubai. HDFC Bank Limited (NYSE:HDB) is divided into Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. It is one of the best Indian stocks to invest in. 

In November 2022, HDFC Bank Limited (NYSE:HDB) partnered with Flywire Corporation (NASDAQ:FLYW) in order to enable Indian customers to effortlessly pay international education fees to higher education institutions worldwide via digital transactions. 

According to Insider Monkey’s first quarter database, 40 hedge funds were bullish on HDFC Bank Limited (NYSE:HDB), compared to 31 funds in the earlier quarter. Andreas Halvorsen’s Viking Global is one of the biggest stakeholders of the company, with 8.28 million shares worth $552.4 million. 

Artisan Developing World Fund made the following comment about HDFC Bank Limited (NYSE:HDB) in its Q1 2023 investor letter:

“Bottom contributors to performance for the quarter included Indian banking and financial services company HDFC Bank Limited (NYSE:HDB). HDFC Bank suffered from the Adani overhang which impacted the Indian equity market, and experienced net interest margin (NIM) pressure despite strong deposit growth as the company’s retail loan mix remained depressed.”

Follow H D F C Bank Ltd (NYSE:HDB)

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