5 Best Indian Stocks to Buy in USA

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1. HDFC Bank Limited (NYSE:HDB)

Number of Hedge Fund Holders: 34     

HDFC Bank Limited (NYSE:HDB) provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It is one of the elite Indian stocks to invest in. HDFC Bank Limited (NYSE:HDB) on September 21 signed a multi-year data and technology deal with Refinitiv. Under the agreement, HDFC Bank Limited (NYSE:HDB) will get access to Refinitiv’s data and products including real-time market data, news, and fundamental data. This will enable cost savings across several bank divisions.

At the end of the second quarter of 2022, 34 hedge funds in the database of Insider Monkey held stakes worth $2.2 billion in HDFC Bank Limited (NYSE:HDB), compared to 41 the preceding quarter worth $2.1 billion.

In its Q4 2021 investor letter, Motiwala Capital, an asset management firm, highlighted a few stocks and HDFC Bank Limited (NYSE:HDB) was one of them. Here is what the fund said: 

“HDFC Bank (NYSE:HDB) is the leading bank in India. HDFC bank continues to compound sales and profits at 15% and 20% respectively and generates a solid 15-20% ROE. We purchased shares in late December as the share price declined and became attractive. HDFC Bank is a fast grower, and we expect it to continue to generate excellent returns for shareholders.”

You can also take a peek at 10 Best Stocks to Buy According to Angela Aldrich’s Bayberry Capital Partners and Top 10 Tech Stocks to Buy According to Billionaire Louis Bacon.

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