5 Best Indian Stocks to Buy in USA

3. Infosys Limited (NYSE:INFY)

Number of Hedge Fund Holders: 24     

Infosys Limited (NYSE:INFY) provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It is one of the premier Indian stocks to invest in. Infosys Limited (NYSE:INFY) recently announced that it had entered into a partnership with Telenor Norway. The partnership was done to assist the telecom operator in its journey of advancement. Infosys Limited (NYSE:INFY) will support the transformation of Telenor’s IT stack in areas of digital, analytics & AI, and operations. The partnership will also focus on proficiency development. 

On September 16, Susquehanna analyst James Friedman kept a Neutral rating on Infosys Limited (NYSE:INFY) stock with a price target of $20, highlighting that industry-wide demand challenges may be surfacing in a growing number of verticals and service lines for IT services companies, so its partnership with Telenor Norway will prove beneficial in lowering the challenges. 

At the end of the second quarter of 2022, 24 hedge funds in the database of Insider Monkey held stakes worth $988 million in Infosys Limited (NYSE:INFY), compared to 25 in the previous quarter worth $2.3 billion.