10 Best Indian Stocks to Buy According to Billionaires

7. ReNew Energy Global Plc (NASDAQ:RNW)

Number of Billionaires: 6

Billionaire Holdings: $40,074,049

ReNew Energy Global Plc (NASDAQ:RNW) generates power through renewable and non-conventional energy resources. It also provides end-to-end solutions in clean energy, carbon markets, digitalization, and storage.

In January, the company announced securing the highest score for a pure-play renewable energy company in India’s power sector in S&P Global’s Corporate Sustainability Assessment. ReNew Energy Global Plc (NASDAQ:RNW) scored 71 out of 100, registering a 30% leap from its FY 2023 score, driven by a remarkable improvement in its ESG performance.

On February 18, ReNew Energy Global Plc (NASDAQ:RNW) announced unaudited consolidated results for the third quarter of the fiscal year 2025 and the nine months that ended December 31, 2024. The company’s portfolio comprised 17.4 GWs, improving from 13.8 GWs a year ago. Commissioned capacity increased by 25.5% from last year.

ReNew Energy Global Plc (NASDAQ:RNW)’s total revenue for Q3 was reported at $248 million, up 10% year-over-year. The net loss stood at $45 million, worsening from $38 million for Q3 2024. For the nine months, revenue was logged at $887 million, compared to $846 million during the same period last year. The net profit for the nine months was $17 million, down from $41 million for the first nine months of FY 2024.

In December last year, ReNew Energy Global Plc (NASDAQ:RNW) announced the sale of its subsidiary, ReNew Sun Waves Private Limited, for $176 million. This is a strategic move aimed at optimising the company’s portfolio and improving its financial health.

According to Insider Monkey’s database for Q4 2024, 6 billionaires held a stake in ReNew Energy Global Plc (NASDAQ:RNW), making it one of the best Indian stocks to buy now.