5 Best Indian Stocks For Next 10 Years

In this article, we discuss 5 best Indian stocks for the next decade. If you want to see our detailed discussion of the Indian economy, click 10 Best Indian Stocks For Next 10 Years. 

5. WNS (Holdings) Limited (NYSE:WNS)

Number of Hedge Fund Holders: 17

WNS (Holdings) Limited (NYSE:WNS) is a business process management company that specializes in data, voice, analytical, and business transformation services worldwide. The company was founded in 1996 and is based in Mumbai, India. On April 27, WNS (Holdings) Limited (NYSE:WNS) reported a Q4  non-GAAP EPS of $1.04 and a revenue of $305 million, outperforming Wall Street estimates by $0.02 and $7.91 million, respectively. It is one of the best Indian stocks to monitor. 

On May 1, Barrington lifted the firm’s price target on WNS (Holdings) Limited (NYSE:WNS) to $108 from $97 and maintained an Outperform rating on the shares. The analyst raised fiscal 2024 estimates following WNS (Holdings) Limited (NYSE:WNS)’s Q4 results. Despite the strained macro environment, demand remains strong and WNS’s services have not faced budgetary constraints from clients, the firm wrote in a research note.

According to Insider Monkey’s first quarter database, 17 hedge funds were bullish on WNS (Holdings) Limited (NYSE:WNS), compared to 19 funds in the preceding quarter. Ric Dillon’s Diamond Hill Capital is the biggest stakeholder of the company, with 1.02 million shares worth $95.3 million. 

Diamond Hill Capital made the following comment about WNS (Holdings) Limited (NYSE:WNS) in its Q4 2022 investor letter:

“Other bottom contributors included Allegiant Travel, Concrete Pumping Holdings and WNS (Holdings) Limited (NYSE:WNS). Shares of business process management (BPM) company WNS modestly consolidated calendar year gains in Q4. However, we maintain our belief shares trade at a discount to intrinsic value given the opportunity WNS has to offer a combination of process efficiencies and cost savings to clients, thereby growing its recurring-revenue base.”

4. Dr. Reddy’s Laboratories Limited (NYSE:RDY)

Number of Hedge Fund Holders: 17

Dr. Reddy’s Laboratories Limited (NYSE:RDY) is a pharmaceutical company that operates through Global Generics, Pharmaceutical Services and Active Ingredients, Proprietary Products, and Others segments. The company was incorporated in 1984 and is headquartered in Hyderabad, India. On May 10, Dr. Reddy’s Laboratories Limited (NYSE:RDY) reported a Q4 GAAP EPS of $0.70 and a revenue of $766 million, up 6.85% year-over-year and topping Wall Street estimates by $8.32 million. 

On June 1, Barclays analyst Balaji Prasad raised the price target on Dr. Reddy’s Laboratories Limited (NYSE:RDY) to $70 from $67 and reiterated an Overweight rating on the shares. Barclays believes the U.S. generics market is evolving steadily.

According to Insider Monkey’s first quarter database, 17 hedge funds were bullish on Dr. Reddy’s Laboratories Limited (NYSE:RDY), compared to 16 funds in the earlier quarter. Rajiv Jain’s GQG Partners is the largest stakeholder of the company, with 555,323 shares worth $31.6 million. 

3. Infosys Limited (NYSE:INFY)

Number of Hedge Fund Holders: 26

Infosys Limited (NYSE:INFY) offers consulting, technology, outsourcing, and digital services in North America, Europe, India, and internationally. Infosys Limited (NYSE:INFY) was incorporated in 1981 and is headquartered in Bengaluru, India. It is one of the top Indian stocks to invest in. On May 24, Infosys announced a collaboration with 

Infosys (INFY) announced its collaboration with Adobe Inc. (NASDAQ:ADBE), where the companies aim to reinvent the digital workforce via Infosys Springboard, an online learning platform. Infosys and Adobe aim to generate more than 10,000 Adobe certified experts worldwide by 2025. 

According to Insider Monkey’s first quarter database, 26 hedge funds were bullish on Infosys Limited (NYSE:INFY), compared to 27 funds in the prior quarter. Ken Griffin’s Citadel Investment Group is a significant position holder in the company, with 2.3 million shares worth $40.8 million. 

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. 

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.”

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