10 Best Indian Stocks to Buy for Next 5 Years

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6. ReNew Energy Global Plc (NASDAQ:RNW)

Number of Hedge Fund Holders: 23

ReNew Energy Global Plc (NASDAQ:RNW) is one of the Best Indian Stocks to Buy for Next 5 Years. Roth Capital lifted the price objective on the company’s stock to $8 from $7.50, while keeping a “Buy” rating, as reported by The Fly. This comes after a consortium of investors announced a plan to raise the offer price for ReNew Energy Global Plc (NASDAQ:RNW) to $8.00 per share from $7.07 per share offer. The firm opines that the proposal is more likely to be acceptable to investors, considering the higher premium.

ReNew Energy Global Plc (NASDAQ:RNW) announced its unaudited consolidated IFRS results for Q4 2025 and FY 2025. It registered its second consecutive year of profit since listing, with commissioned capacity increasing 12.4% YoY to ~10.7 GWs (net of 300 MWs of assets sold during FY 2025) as at March 31, 2025. Subsequent to the fiscal year-end, ReNew Energy Global Plc (NASDAQ:RNW) commissioned 466 MWs, of which 436 MWs is solar and 30 MWs is wind. This took the total commissioned capacity to ~11.2 GWs.

ReNew Energy Global Plc (NASDAQ:RNW) saw a 4x jump in Q4 2025 net profit, thanks to the robust growth in the manufacturing business. Notably, its net profit for Q4 2025 came in at INR 3,137 million (US$ 37 million) as compared to INR 609 million (US$ 7 million) for Q4 2024.

ReNew Energy Global Plc (NASDAQ:RNW) is engaged in generating power via non-conventional and renewable energy sources in India.

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