Five Indian Stocks Hedge Funds Love the Most

#4. Tata Motors Limited (ADR) (NYSE:TTM)

– Investors with long positions: 15

– Aggregate value of investors’ holdings: $474.40 Million

The hedge fund sentiment towards Tata Motors Limited (ADR) (NYSE:TTM) declined in the fourth quarter of 2015, as the number of hedge funds from our system with stakes in the company dropped to 15 from 22 quarter-on-quarter. Despite that, the overall value of hedge fund stakes increased to $474.40 million from $431.03 million quarter-over-quarter. The largest automobile company in India, mostly known for the acquisition of Jaguar and Land Rover from Ford Motor Company (NYSE:F) in 2008, has seen its market value gain 30% in the past three months. Nonetheless, Tata Motors ADSs are down 2% year-to-date. It should be noted that the Jaguar Land Rover business accounts for more than four-fifths of the company’s total revenues. The entire company’s global wholesales in April, including Jaguar Land Rover, were 81,833 vehicles, an increase of 5% year-on-year. Meanwhile, global wholesales of all passenger vehicles in April reached 51,749 vehicles, up 1% year-on-year. Ken Fisher’s Fisher Asset Management was the owner of 8.79 million ADSs of Tata Motors Limited (ADR) (NYSE:TTM) at the end of March.

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#3. Infosys Ltd ADR (NYSE:INFY)

– Investors with long positions: 21

– Aggregate value of investors’ holdings: $789.69 Million

Infosys Ltd ADR (NYSE:INFY) was the only stock within our list of five Indian stocks that received some love from the hedge fund industry during the final quarter of 2015. The number of smart money investors with stakes in the company increased to 21 from 19 during the fourth quarter. Infosys, India’s fourth-largest company by market capitalization, operates as a global consulting, technology and outsourcing services. The company recorded revenues of $9.50 billion for fiscal 2016 that ended March 31, up 9.1% in reported terms (an increase of 13.3% in constant currency terms). Moreover, the management of Infosys anticipates fiscal 2017 revenues to grow in the range of 11.5%-to-13.5% in constant currency. Infosys ADSs have gained 10% since the beginning of 2016. Bernard Horn’s Polaris Capital Management upped its stake in Infosys Ltd ADR (NYSE:INFY) by 5% during the March quarter to 6.29 million ADSs.

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